Matson Navigation to lower fuel rates, again - Hawaii News Now - KGMB and KHNL

Matson Navigation to lower fuel rates, again

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

As fuel prices continue to decline, Matson continues to lower its fuel surcharge.

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

The fuel rate for Hawaii will go from 42% to 39% for its Hawaii service, and from 38.5% to 35.5% for its Guam/CNMI and Micronesia services, effective this Sunday, July 15.

"We are pleased to be able to make this second consecutive downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $70 to $120 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.

"We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our Hawaii and Guam services.  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 a decrease of 3.5 percentage points in June.   

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