Updated at 6:37 p.m., Monday, January 22, 2007
Matson cuts fuel surcharge by 1.25 percentage points
Advertiser Staff
Matson Navigation Co. announced today it will lower its fuel surcharge in its Hawai'i, Guam and Micronesia services from 18.75 percent to 17.5 percent beginning Sunday.It will be Matson's third consecutive fuel surcharge decrease since October, which the company said was made possible by a continued decline in the price of bunker fuel, which is used to power its ships engines. Matson said this surcharge decrease represents a drop in shipping costs ranging from $25 to $80 per container.
"Following an extended period of rapidly escalating fuel costs, we've been encouraged by this recent ongoing downward trend," said Dave Hoppes, senior vice president of ocean services. "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."
