Maui Business

Matson Decreases Rates Twice in a Month

July 10, 2012, 1:20 PM HST
* Updated July 10, 1:28 PM
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Courtesy of Hawaii News Now.

By Sonia Isotov

As a result of further declines in bunker fuel prices, Matson announced today that it is decreasing its fuel related surcharge by three percentage points, from 42% to 39% for its Hawaii service, and from 38.5% to 35.5% for its Guam/CNMI andMicronesiaservices, effective this Sunday, July 15.

Matson lowered their fuel surcharge on June 17 by 3.5%.  As of Sunday, July 15, it will have gone down by 6.5% in the past month.

“We are pleased to be able to make this second consecutive downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $70 to $120 per container,” said Dave Hoppes, senior vice president of ocean services, in a written statement.

Courtesy of Hawaii News Now.

“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 Hawaiiand Guamservices.  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.”

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Matson’s last adjustment to its fuel surcharge was a decrease of 3.5 percentage points, effective June 17, 2012.

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