Americas News
Falling Bunker Prices Prompt Further Reduction in Bunker Surcharge
In response to a continued fall in bunker prices, Matson Navigation Company, Inc. (Matson) today said in an emailed notice to customers that it is lowering its fuel surcharge for its Hawaii service by two percentage points, from 36.5 percent to 34.5 percent, effective this Sunday, July 7, 2013.
"This marks the third consecutive decrease in 2013 of our Hawaii fuel surcharge. For most customers, this downward adjustment represents a reduction in shipping costs ranging from $45 to $80 per container," " said Dave Hoppes, senior vice president, ocean services.
"We continue to be 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."
"We will continue to monitor fuel costs and adjust the surcharge accordingly," Hoppes added.
Matson’s last adjustment to its fuel surcharge was a decrease of 3.5 percentage points, effective April 28, 2013, while the last upward adjustment for the service's surcharge was an increase of 4.5 percentage points effective October 7, 2012.
