HONOLULU (HawaiiNewsNow) - Hawaii largest shipping company has announced its third consecutive fuel surcharge decrease.
With bunker fuel prices dropping, Matson on Tuesday announced that it is lowering its fuel surcharge for its Hawaii service by two percentage points.
The new rate drops to 34.5 percent and goes into effect this Sunday, July 7.
"This marks the third consecutive decrease in 2013 of our Hawaii fuel surcharge," said Dave Hoppes, senior vice president, ocean services. "For most customers, this downward adjustment represents a reduction in shipping costs ranging from $45 to $80 per container."
Matson's last adjustment to its fuel surcharge was a decrease of 3.5 percentage points, effective April 28, 2013.
"We continue to be 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 fleet," said Hoppes.
The company announced a 3.5 percentage point drop in March and April.