Matson to raise its westbound Hawaii services rates
OAKLAND, California (KHNL) - Matson Navigation Company will raise its Hawaii service rates by $120 per westbound container and $60 per eastbound container, starting January 4, 2009.
Matson says this increase will raise rates by an average of 3.9 percent.
Matson will also raise its terminal handling charge by $175 per westbound container and $90 per eastbound container.
Senior vice president Dave Hoppes says this rate increase will help offset rises in operating costs and support ongoing investments in our Hawaii service.
"This rate adjustment is consistent with our longstanding philosophy of implementing modest, incremental increases as necessary," said Hoppes. "Given the essential role ocean transportation has in supporting the state's economic activities, Matson's primary business objective remains focused on ensuring the company's services are among the best in the world."
Since 2003, Matson has invested nearly $600 million in fleet enhancements, including over $500 million for construction of four new containerships.