Matson Inc., the largest U.S.-flag container carrier, is experiencing a significant decline in its share price amid ongoing trade tensions. According to a recent report on Yahoo Finance, the company’s stock has plummeted nearly 30% from its 52-week high of $169.12 to $94.50 as of Monday. This downturn coincides with President Donald Trump’s efforts to reshape global trade, particularly impacting companies with heavy exposure to U.S. trade volumes.

Read also: U.S. Container Imports Approach Record Levels Amid Trade Tensions

Despite the broader recovery in the shipping sector, Matson’s shares have been hit harder than its international counterparts. For instance, Denmark’s Maersk saw a 12% decline, China’s OOIL 9%, and Germany’s Hapag-Lloyd only 2%. The concentrated exposure of Matson to U.S. trade is a potential reason for this disparity. However, the company is somewhat insulated from new U.S. port fees targeting Chinese-built and -operated vessels due to its compliance with the Jones Act, which mandates that all its ships are American-built.

Data from IndexBox reveals that over the past two years, Matson’s sales have decreased by over 11%, with earnings per share dropping 27.5%. The company is set to release its first-quarter earnings on May 5, which will provide further insights into its financial health during these challenging times.

Source: IndexBox Market Intelligence Platform