Matson Reducing Fuel Surcharge

File photo.

By Sonia Isotov

As a result of recent moderation in bunker fuel prices, Matson announced today that it is decreasing its fuel related surcharge by 3.5%, from 40% to 36.5%, for its Hawaii service. The new rates will be effective starting on Sunday, April 28.

“We are pleased to make this second consecutive downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $80 to $140 per container,” said Dave Hoppes, senior vice president, ocean services, in a media statement today.

“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 days 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.”

Matson’s last adjustment to its fuel surcharge was a 3.5% decrease on March 17, 2013.