HONOLULU's Matson shipping line posted a 21.8 per cent year-on-year decline in 2016 net profit to US$80.5 million, drawn on revenues of

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.54 billion, which increased 2.9 per cent.Fourth quarter profit, described as "operating income margin", was down 27.5 per cent year on year to $7.9 million drawn on revenues of $406.1 million, up 1.3 per cent.