Business

Matson Decreasing Fuel Surcharge by 3.5%

March 12, 2013, 2:59 PM HST
Listen to this Article
1 minute
Loading Audio...
A
A
A

Matson Inc. announced today that it is decreasing its fuel related surcharge by 3.5% for its services to Hawaii, Guam/CNMI, and Micronesia.

Effective this Sunday, surcharges will drop from 43.5% to 40% for its Hawaii service and from 40% to 36.5% for its Guam/CNMI and Micronesia services.

Matson attributed the decrease to recent moderation in bunker fuel prices.

“We are pleased to make this downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $80 to $140 per container,” said Dave Hoppes, senior vice president, ocean services in a released statement.

“We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our Hawaii and Guam services.”

ARTICLE CONTINUES BELOW AD

Hoppes added that while Matson has made a practice of giving 30 days notice for upward rate adjustments, it passes on downward adjustments to customers as soon as possible.

ARTICLE CONTINUES BELOW AD

Matson’s last adjustment to its fuel surcharge was an increase of 4.5% on October 7, 2012, which followed two consecutive decreases in June and July of 2012 totaling 6.5%.

Comments

This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments

Newsletters

Get a quick summary of what’s happening on the Big Island with our daily & weekly email of news highlights.