HONOLULU (HawaiiNewsNow) - Matson Navigation announced Monday that it will raise its rates for its Hawaii service by $175 per westbound container and $85 per eastbound container, effective January 5, 2014.
In addition, Matson will raise its terminal handling charge by $50 per westbound container and $25 per eastbound container, also effective January 5.
The increase will be filed with the Surface Transportation Board.
Matson estimates that the combined increase of both the rate adjustment and terminal handling charge will result in shipping costs rising by an average of 5.5 percent.
"This rate increase will help offset rises in operating costs and support ongoing investments in our Hawaii service," said Dave Hoppes, senior vice president, ocean services. "The adjustment is consistent with our longstanding philosophy of implementing modest, incremental increases as necessary to maintain the highest levels of service, and is identical to increases implemented in 2012 and 2013."