comscore Matson to lower fuel surcharge Sunday | Honolulu Star-Advertiser
Top News

Matson to lower fuel surcharge Sunday

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now
  • HONOLULU STAR-ADVERTISER
    Matson's lower fuel surcharge will trim $80 to $140 off the price of shipping a container.

The cost to ship goods to Hawaii on the state’s largest ocean cargo transporter will become a bit less expensive Sunday when Matson Inc. implements a slight reduction in its fuel surcharge.

Matson announced today that it will lower its fuel surcharge by 2 percentage points, from 36.5 percent to 34.5 percent because bunker fuel prices have eased.

It is Matson’s third consecutive fuel surcharge decrease, following 3.5 percentage point drops in March and April.

For most customers, the cost to ship a container will decrease by $45 to $80, according to Dave Hoppes, Matson’s senior vice president of ocean services.

Matson’s fuel surcharge rate is adjusted up or down depending on bunker fuel prices, and has fluctuated between 26.5 percent and 47.5 percent over the last two years.

The company’s practice is to reduce the rate as soon as possible after a significant and sustained change in fuel cost, and give 30-day advance notice of planned increases.

Hoppes said in a statement that Matson remains focused on exploring ways to maximize fuel efficiency for its fleet of containerships, and that the company continues to be encouraged by recent moderation in bunker fuel prices.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up