Matson to raise fuel surcharge

OAKLAND, CA (KHNL) - Matson Navigation Company is raising its fuel surcharge for its Hawaii service by 4.5 percentage points from 33.75% to 38.25%.

To offset the impact of record breaking fuel prices, Matson has temporarily removed one vessel from its Hawaii service to best meet current market conditions.

"Escalating fuel prices have hit levels that are unprecedented and are adversely impacting virtually all businesses, as well as consumers," said Dave Hoppes, senior vice president, ocean services.  "Unfortunately, the extraordinarily dramatic spikes in fuel prices experienced recently require this new adjustment."

The new rate is effective July 13.