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Matson shipping rates to rise Jan. 5

By Star-Advertiser staff

POSTED:
LAST UPDATED: 01:11 p.m. HST, Nov 25, 2013



The cost to ship goods on Hawaii's dominant ocean cargo transportation company will rise an average of 5.5 percent early next year under a rate hike announced today by Matson Inc.

Matson said it will raise the price to ship a container to Hawaii from the mainland by $175 and also raise an associated terminal handling charge by $50 per container effective Jan. 5.

The company said the increases were identical to rate hikes in each of the last two years and will help offset higher operating costs and support ongoing investments in the business.







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Tahitigirl55 wrote:
What a joke - this is to pay for the costly molasses spill. We all knew this would happen, but when he was asked if prices would increase the CEO said NO. I hope he can sleep at nights knowing that he told a lie.
on November 25,2013 | 10:51AM
atom wrote:
true, gas prices are going down so you would think that the prices would stay the same or go down slightly.
on November 25,2013 | 11:13AM
hikine wrote:
Yup the day has come when we the public have to shell out for the clean up! Gas prices going down yet their rates hasn't! I don't think Matson is foolin' anyone. And where are the millions in fines for the accident? Haven't heard about it since!
on November 26,2013 | 12:26AM
snoopy wrote:
Here's how to calculate the cost of the molasses spill: #of containers shipped a year x $175 Wow, what terrible timing for this.
on November 25,2013 | 12:27PM
kauai wrote:
Wait for it, wait for it. Oooh, shipping fee increase, even though energy (gas) prices are going down. What a joke. Matson is no doubt recouping it's molasses spill cost on the backs of the public. Who saw this one coming? Anyone?
on November 25,2013 | 01:48PM
localguy wrote:
Here's what happened. Shareholder literally reamed Matson's CEO and minion bureaucrats for their willful incompetence in the molasses spill, costing them big time in dividend payments. They made it crystal clear to Matson Bureaucrats they expected a huge dividend this year and to do "what ever it takes to make it happen." Suddenly Matson is raising rates for no good reason to make this dividend happen. Matson bureaucrats spin it as "investment in Hawaii and to provide world class service." Pure shibai. Matson bureaucrats kow towing to the share holders, sticking it to island residents. Expect Matson bureaucrats to receive "Exceptional performance bonuses" this year for doing what they always do, nothing. Kill the Jones act and watch Matson cut rates to survive. The Nei is Matson's cash cow.
on November 25,2013 | 02:15PM
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