Matson foresees posting a healthy profit for the second quarter despite headwinds from the Covid-19 pandemic.

The Matt Cox-led boxship owner expects to earn $30.4m to $32.6m during the three-month period, the New York-listed company said in announcing its preliminary results on Thursday.

If realised, that would result in earnings per share between $0.70 and $0.75 for the quarter.

The New York-listed owner, which primarily focuses on Alaska, Hawaii and mainland US, posted a $12.5m