Matson raises Hawaii fuel surcharge

HONOLULU (AP) - The largest shipping company that carries goods to Hawaii from the U.S mainland is raising its fuel surcharge after recently decreasing it three times.

Matson Navigation Company announced Friday the surcharge will increase by five percentage points.

Citing rising bunker fuel prices and other energy costs, Matson is increasing the surcharge from 40.5% to 45.5% for Hawaii service starting Feb. 26.

The company made downward adjustments in August through October because of declines in bunker fuel prices.

Matson officials vow to monitor prices and adjust the surcharge accordingly.

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