The New York-listed outfit reported $25m in net income, far above the $3.4m earned in the first quarter of last year.

Diluted earnings per share of $0.57 was slightly above the average analyst prediction of $0.55.

“As expected, Matson carried strong momentum into the first quarter of 2015,” said chief executive Matt Cox. “Performance improved across all lines of business, led by continued levels of exceptional demand for our expedited China service, modest yield improvements in Hawaii and Guam, and further improvements in Logistics operations and [terminals venture] SSAT.”

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