HONOLULU (AP) - The largest shipping company that carries goods to Hawaii from the U.S mainland is making good on a promise to adjust surcharges if fuel prices drop.
Matson Navigation Company announced Friday the surcharge that was raised in June is decreasing by two percentage points. That's a decrease of 47.5% to 45.5% for Hawaii service. The charge is to drop from 49% to 47% for services in Guam, Micronesia and the Commonwealth of the Northern Mariana Islands.
Matson says the adjustment is possible because of recent declines in bunker fuel prices. When the company increased the surcharge to a record high of 47.5%, officials blamed high fuel prices.
The company estimates the decrease represents a reduction in shipping costs ranging from $60 to $150 per container.