HONOLULU (HawaiiNewsNow) - Matson Navigation Company is raising its rates.
Starting January 3, 2010, Hawaii service prices will go up $120 for each westbound container, and $60 for each eastbound container.
Terminal handling charges will also increase $125 for each westbound container, and $60 for each eastbound container.
The company estimates the hikes will translate into a total increase of 3.8%.
"While Matson recognizes this is a difficult time economically, this rate adjustment is consistent with our longstanding philosophy of implementing modest, incremental increases as necessary to maintain the highest level of service to our customers," said Dave Hoppes, senior vice president, ocean services in a release Tuesday.
"Over the past several years, Matson has been diligently implementing cost reduction measures across-the-board, without undercutting the quality of its service. These initiatives have included workforce reductions and laying up two Matson vessels to ensure the company provides the most economical service possible."