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The Honolulu Advertiser
Updated at 2:52 p.m., Friday, June 13, 2008

Matson hikes fuel surcharge to 38.25% on July 13

Advertiser Staff

Matson Navigation Co. said it will raise the its fuel surcharge to a record 38.25 percent on shipments to and from Hawai'i in response to rising fuel costs.

The surcharge, effective July 13, is up 4.5 percentage points from the last fuel surcharge increase on April 6.

Matson also announced that it will raise the fuel surcharge for its Guam/Commonwealth of Northern Mariana Islands and Micronesia services to 39.75 percent, up 6 percentage points from the last hike on April 6. It is the first time that the Guam/CNMI and Micronesia fuel surcharge is higher than that of the Hawai'i service.

"While Matson has traditionally applied the same percentage fuel surcharge to all of its Pacific service, it is implementing a new program that recognizes that there are greater fuel requirements in serving the more geographically remote regions of Guam and Micronesia," Matson said in a news release.