Business

Matson Decreasing Fuel Surcharge by 3.5% Again

April 24, 2013, 9:31 PM HST
* Updated April 24, 10:24 PM
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Matson announced today that it is decreasing fuel related surcharge for its Hawaii service by 3.5%, from 40% to 36.5%.

The decrease is effective this Sunday.

It is the second time in two months that Matson has reduced its fuel surcharge by 3.5%.

On March 12, the company announced that it was reducing its surcharge from 43.5% to 40% effective March 17.

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

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“We are pleased to make this second consecutive 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.

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“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 fleet.”

Hoppes said the firm will continue to monitor fuel costs and adjust the surcharge accordingly.

He 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.

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The last time Matson increased its fuel surcharge was in October 2012 when it raised rates 4.5%.

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