HONOLULU (KHNL) - Matson announced Friday it is decreasing fuel surcharge because of recent declines in bunker fuel prices.
Starting September 21, fuel surcharge for its Hawaii service will drop by 4.75 percentage points, from 42.25% to 37.5%.
"Matson is very pleased to finally have the opportunity to lower its fuel surcharge following an extended period of record high fuel related costs in the world oil market," said Dave Hoppes, senior vice president, ocean services. "While crude oil and gasoline prices began to decline in August, Matson's expenses for bunker fuel, which is used to power its fleet, continued to climb. Fortunately, Matson is now seeing the downward trend extend to bunker fuel costs, allowing the company to make this adjustment."