Maui Business

Matson Decreasing Fuel Surcharge

June 11, 2012, 12:36 PM HST
* Updated June 11, 4:51 PM
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The Matson barge MV Maunalei. Photo courtesy of Matson.

By Sonia Isotov

As a result of recent declines in bunker fuel prices, Matson Navigation Company announced today that it is decreasing its fuel related surcharge by 3.5% for its Hawaii, Guam, Micronesia, and the Commonwealth of Northern Marianas Islands.

Surcharges will decrease from 45.5% to 42% for its Hawaii service, and from 42% to 38.5% for its Guam/CNMI and Micronesia services, effective this Sunday, June 17, 2012.

“We are pleased to be able 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, the senior vice president, ocean services, in a written statement.

“Bunker fuel prices have moderated recently, allowing us to lower our fuel surcharge. Matson has made a practice of giving 30 days notice for upward rate adjustments, but passes on downward adjustments to our customers as soon as possible.”

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Matson’s last adjustment to itsHawaii service fuel surcharge was an increase of 5%, effective February 26, 2012.

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