HONOLULU (HawaiiNewsNow) - As a result of recent declines in bunker fuel prices, Matson announced Thursday that it is lowering its fuel surcharge by five percentage points for its Hawaii and Guam/CNMI services. The Hawaii fuel surcharge will be reduced from 42.5% to 37.5% and the Guam/CNMI will be decreased from to 43% to 38%, effective Sunday, November 2, 2014.
"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 $100 to $175 per container," said Dave Hoppes, senior vice president, ocean services.
"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 fleet. Matson has made a practice of giving 30 day 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."