Matson Inc. announced today that it is decreasing its fuel surcharge by 3.5 percentage points to 36.5 percent from 40 percent for its mainland to Hawaii route on Sunday.
The state’s largest ocean shipper said it has seen a recent moderation in bunker fuel prices for the second consecutive month.
For most customers the move represents a reduction in shipping costs ranging from $80 to $140 per container, Dave Hoppes, senior vice president of ocean services, said in a press release.
“We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our fleet,” he said. “Matson has made a practice of giving 30 days notice for upward rate adjustments, but passes on downward adjustments to our customers as soon as possible. We will continue to monitor fuel costs and adjust the surcharge accordingly.”
Matson’s most recent adjustment to its fuel surcharge was a decrease of 3.5 percentage points on March 17.