Pacific Shipper's Fuel Surcharge Falls 18% in 3 Months

by Ship & Bunker News Team
Monday February 9, 2015

Matson is decreasing its fuel surcharge for the fourth time since October 2014, the company announced in an emailed statement.

“This is the fourth consecutive decrease we have made to our Hawaii and Guam/CNMI fuel surcharges; with this latest reduction, our fuel surcharge for those services will have dropped 18 percentage points since November 2, 2014," said Dave Hoppes, senior vice president of ocean services.

The company said that the fuel surcharge for Hawaii will make a seven percent drop to 24.5 percent from its current 31.5 percent.

Charges will also fall to 25 percent from 32 percent for Guam/Northern Mariana Islands (CNMI), and to 30 percent from 37 percent for Micronesia.

“We are pleased to be able to make another downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $140 to $245 per container,” said Hoppes.

The new rates are effective as of Sunday, February 15, 2015.

In October 2014 the company explained that a continued slide in bunker prices had prompted the decision to reduce surcharges.