Matson has scrapped its outlook for this year as the Covid-19 pandemic continues to riddle maritime and the global economy with uncertainty.
The Matt Cox-led boxship owner focused primarily on Hawaii and Alaska on Monday erased a projected $15m loss for 2020 announced late February in its 2019 earnings report.
"Given the increasing economic uncertainties regarding the Covid-19 pandemic, Matson is withdrawing its full-year 2020 outlook and expects to provide an update on its businesses during its first-quarter 2020 earnings call to be held in early May," chief executive Cox said.
