Matson Inc. announces fuel surcharge reduction

Matson Inc. announces fuel surcharge reduction

HONOLULU (AP) - Hawaii's largest ocean cargo transportation firm is reducing its fuel surcharge.

Matson Inc. announced Thursday that it is cutting the charge by 7 percentage points, effective Sunday.

The Honolulu-based company says the decrease is in response to falling bunker fuel prices.

The Honolulu Star-Advertiser reports the reduction means the surcharge will be 24.5 percent, a drop from 31.5 percent.

The pending cut is the single largest decrease since the company instituted the surcharge in 1999, although the surcharge was lower - 21.75 percent - in 2010.

Matson officials say that with the latest reduction, most customers should save between $140 and $245 per container.

The surcharge reductions are offset somewhat by a general rate increase of 5.4 percent that was implemented Jan. 4.

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