Matson raises surcharge, citing Middle East unrest - Hawaii News Now - KGMB and KHNL

Matson raises surcharge, citing Middle East unrest

HONOLULU (AP) - Matson Navigation Company plans to raise its fuel surcharges by more than eight percentage points for its service in Hawaii.

In a statement Thursday, the company said it will increase the surcharge from 35 to 43.5 percent for its Hawaii service and from 36.5 to 45 percent for services in Guam, the Commonwealth of the Northern Marianas Islands and Micronesia.

The change in price will take effect May 1.

Matson Senior Vice President Dave Hoppes says the unrest in the Middle East has failed to stabilize, causing the global fuel market to remain at historic highs.

Matson previously increased its surcharges in February.

Copyright 2011 by The Associated Press. All Rights Reserved.

Powered by Frankly