World News
Horizon Lines Lowers Bunker Surcharge
Monday July 16, 2012
Container line Horizon Lines, LLC (Horizon) yesterday lowered its fuel surcharge to 39 percent, a drop of 3 percentage points.
Horizon is Hawaii's second-largest ocean shipping company after Matson Navigation Company, Inc. (Matson) who also lowered their Hawaii surcharge by 3 percentage points to 39 percent effective yesterday.
The news follows a sharp drop in bunker prices, with the average price of for key grade IFO380 across global price indicator ports Singapore, Rotterdam, Fujairah, and Houston falling some $90 and $40 in May and June respectively.
Horizon says it maintains a fleet of 15 fully Jones Act qualified vessels and operates five port terminals in Alaska, Hawaii and Puerto Rico.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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