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Matson fuel surcharge going down

By Star-Advertiser staff

POSTED:
LAST UPDATED: 11:22 a.m. HST, Sep 22, 2011

 Matson Navigation Co. plans to cut its China service in half, ending an expansion plan that had proved costly to the profits of parent company Alexander & Baldwin Inc.

Matson Navigation Co. will dial down its fuel surcharge, easing prices for ocean cargo transportation for the second time in two months.

The company said its fuel surcharge will decrease by three percentage points, from 45.5 percent to 42.5 percent on its Hawaii service. The reduction equates to a savings of $90 to $150 per container, Matson said.

In August, Matson reduced the surcharge by two percentage points. The latest decrease will take effect Sunday.

The reductions are due to a drop in the price for bunker fuel used to power Matson's fleet.






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