Quantcast
  

Thursday, May 23, 2013         

 Print   Email   Comment | View Comments   Most Popular   Save   Post   Retweet

Matson to boost fuel surcharge for mainland-Hawaii shipments

By Kristen Consillio

POSTED:
LAST UPDATED: 01:09 p.m. HST, Jan 27, 2012

STAR-ADVERTISER FILES
Matson containers sit at Honolulu Harbor.

 

Matson Navigation Co. is boosting its fuel surcharge for shipments between Hawaii and the mainland by five percentage points effective Feb. 26.

The hike to 45.5 percent from 40.5 percent follows three consecutive decreases totaling seven percentage points from August through October.

The state's largest ocean shipper said bunker fuel prices have risen more than 16 percent since its last fuel surcharge adjustment.

"While we were encouraged by the moderation of bunker fuel prices in the second half of 2011, that trend has been reversed in recent months," said Dave Hoppes, senior vice president of ocean services, in a statement. "Matson recognizes that energy costs are a major concern for all businesses, as well as consumers. Unfortunately, transportation companies are especially hard hit, with fuel consumption an unavoidable and significant component of operating costs."






 Print   Email   Comment | View Comments   Most Popular   Save   Post   Retweet

COMMENTS
999
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have read and agreed to the TERMS OF SERVICE. Any violations of these terms may result in account suspension or deactivation. Please keep your comments civil and in good taste. To report a comment, email commentfeedback@staradvertiser.com.
Leave a comment
Please login to leave a comment.
livinginhawaii wrote:
Since ya'all voted for Hanabusa who is in support of the Jones Act, you must be cool with this. You all should be forced to take a class in economics to understand how deadly an increase such as this can be to our economy.
on January 27,2012 | 12:11PM
Anonymous wrote:
Thank you Hanabusa for the 'Jones Act' - One day all of District 1 will become like your former West district area which you previously represented...
on January 27,2012 | 02:54PM
AtomicMonkey wrote:
John Carroll is the only Senatorial candidate who opposes the Jones Act and the monopoly that allows this extortion to continue. Carroll4Senate.com
on January 27,2012 | 12:20PM
IN OTHER NEWS
Breaking News
Columns
Blogs