Posted at 10:40 a.m., Tuesday, October 17, 2006
Matson fuel surcharge cut second time in two months
Advertiser Staff
Matson Navigation Co. announced today it will lower its fuel surcharge by 1 percentage point to 18.75 percent effective Nov. 5.The decrease, a result of recent declines in bunker fuel prices, will be the second in two months by Matson. The state's No. 1 cargo shipper reduced its surcharge by 1.5 percentage points to 19.75 percent this month, following a series of steady increases.
"Following a year of rapidly escalating fuel costs, we're pleased to finally experience this downward trend," said Dave Hoppes, senior vice president, ocean services. "For customers, this represents another decrease in shipping costs ranging from $20 to $67 per container. We will continue to monitor fuel costs and adjust the fuel surcharge accordingly. While fuel prices remain volatile, we are hopeful this current trend will continue."
