HONOLULU (HawaiiNewsNow) - Matson Navigation says it is raising its fuel surcharge by 3 percentage points, from 39.5% to 42.5% for its Hawaii service.
Matson will also raise its fuel surcharge for its Guam/CNMI and Micronesia services by 1.5 percentage points, from 41.5% to 43.0%.
"Since announcing our last increase, which became effective March 23, 2014, Matson's fuel costs have continued to rise," said Dave Hoppes, senior vice president, ocean services. "A major contributor to our increase in fuel consumption has been a number of additional vessel sailings necessary to meet the service requirements of our customers. Equally important, the extra voyages added to the higher costs we are already experiencing because of the Emission Control Area (ECA) regulations which became effective in August 2012. As with all increases, Matson gives our customers 30 days advance notice prior to implementation. We will continue to monitor fuel prices and adjust the surcharge accordingly."
The hike takes effect June 8.