Business

Matson Drops Fuel Surcharge, Again

February 5, 2015, 5:09 PM HST
* Updated February 5, 5:11 PM
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Matson announced Thursday that as bunker fuel prices continue to decline, the company will lower its fuel surcharge by seven percent for its Hawai’i, Guam/CNMI, and Micronesia services.

Hawai’i’s fuel surcharge will drop from 31.5 percent to 24.5 percent. Guam/CNMI will drop from 32 percent to 25 percent, and the fuel surcharge for Micronesia will drop from 37 percent to 30 percent. These fuel surcharge decreases will go into effect on Sunday, Feb. 15.

“We are pleased to be able to make another downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $140 to $245 per container,” Dave Hoppes, senior vice president of ocean services said. “This is the fourth consecutive decrease we made to our Hawai’i and Guam/CNMI fuel surcharges; with this latest reduction, our fuel surcharge for those services will have dropped 18 percentage points since Nov. 2, 2014.”

Hoppes continued, “We continue to be 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. Matson has made practice of giving 30 day notice for upward rate adjustment, but passes on downward adjustments to our customers as soon as possible. We will continue to monitor fuel costs and adjust the surcharge accordingly.”

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