A PYMNTS Company

US: Shipping giant Matson avoids Hawaiian market

 |  November 13, 2014

Shipping conglomerate Matson announced plans to acquire Horizon Lines assets in Alaska, an unsurprising move that revealed why the company had avoided a Horizon buyout in Hawaii.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, Matson holds a majority of the Hawaiian shipping market, and believed antitrust concerns would thwart any efforts to acquire Horizon in the state.

    Instead, the Hawaiian arm of Horizon will go to Pasha, which reports say entered the market just one decade ago, compared with the more than 100 years of experience held by Matson.

    Now, Matson’s takeover in Alaska is dependent upon federal antitrust review of Pasha and Horizon’s deal, reports say.

    Full content: Biz Journals

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.