Matson Navigation lowers fuel rates - Hawaii News Now - KGMB and KHNL

Matson Navigation lowers fuel rates

Matson Navigation lowers fuel rates  for Hawaii by 3.5 percentage points for Matson Navigation lowers fuel rates for Hawaii by 3.5 percentage points for
HONOLULU (HawaiiNewsNow) -

Matson Navigation Company announced Monday that it is decreasing fuel surcharge by 3.5 percentage points for Hawaii.

The fuel rate for Hawaii will go from 45.5% to 42% and from 42% to 38.5% for its Guam/CNMI and Micronesia services, effective this Sunday, June 17. 

"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, senior vice president, ocean services. 

Matson attributed the "continuing moderation in bunker fuel prices" as the reason for the decrease.

"Escalating energy costs have impacted all businesses, as well as consumers, this year, with transportation companies especially hard hit.  Fortunately, 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.  We will continue to monitor fuel costs and adjust the surcharge accordingly," said Hoppes.

Matson's last adjustment to its Hawaii service fuel surcharge was an increase of five percentage points in February.  That adjustment followed three consecutive decreases in 2011. 

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