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Matson to raise fuel surcharge for second time in 3 months

By Star-Advertiser Staff

POSTED:
LAST UPDATED: 11:48 a.m. HST, May 08, 2014


Matson Inc., the state's largest ocean shipper, said Thursday it will raise the fuel surcharge for its Hawaii service by 3 percentage points to 42.5 percent next month to cover increases in fuel prices and other energy-related costs.

The surcharge increase, the second hike in three months, is effective June 8 for shipments between the West Coast and Hawaii. Matson also is raising its fuel surcharge for its Guam/Commonwealth of the Northern Mariana Islands and Micronesia service by 1.5 percentage points to 43 percent.

"Since announcing our last increase, which became effective March 23, 2014, Matson's fuel costs have continued to rise," said Dave Hoppes, senior vice president, ocean services. "A major contributor to our increase in fuel consumption has been a number of additional vessel sailings necessary to meet the service requirements of our customers," he said.

The extra voyages mean that Matson faces increased costs to comply with the Emission Control Area regulations that became effective in August 2012, Hoppes said.







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nitpikker wrote:
methinks matson is synonymous with organized crime.
on May 8,2014 | 12:10PM
Siege wrote:
Didn't Matson just post that their profit was down to $3M because of a decrease in shipping demands? But then they say "A major contributor to our increase in fuel consumption has been a number of additional vessel sailings necessary to meet the service requirements of our customers,". Why is there an increase in fuel consumption if shipping is down?
on May 8,2014 | 12:54PM
walrus808 wrote:
This is the shipping world's version of baggage fees. Matson must have seen how much Hawaiian Airlines pulled in and wanted in on the action.
on May 8,2014 | 01:32PM
HealthyandHappy wrote:
Dateline 2015: Matson raises fuel surcharge 2nd time in three weeks.
on May 8,2014 | 02:27PM
false wrote:
So the increased fuel surcharge is not because the price of fuel is going up, it's because more trips means Matson is using more fuel. That explanation is just Matson's way of saying F U
on May 8,2014 | 03:53PM
poipoo wrote:
u got that right!
on May 8,2014 | 07:25PM
localguy wrote:
End the Jones Act and watch Matson suddenly start offering lower prices to keep the business.
on May 8,2014 | 04:43PM
poipoo wrote:
I dunno. More invasive species, more human trafficking...and no, they won't lower their prices. Shareholders would whine too much.
on May 8,2014 | 07:27PM
HD36 wrote:
What? The government, particularly Janet Yellen head of the Federal Reserve says we don't have enough inflation? Oh, that's right, they don't count food and energy in the core CPI number. So while a DVD player from China goes down in price but food and energy go up, the numbers will show no inflation. Oh no, she'll say, we have to print more money or else we'll go into deflation. I think most people would happy if prices were going down, not up. This is the greatest lie never exposed. Prices are rising because the Fed has printed over $4 trillion dollars to keep interest rates near 0. Expansion of the money supply is inflation. The government changed the definition to mean rising consumer prices. Well, that's what were getting. I remember when Paul Volker had to raise rates up to 20% to save the dollar in the 80's.
on May 8,2014 | 04:56PM
poipoo wrote:
bogus bunch o'crooks
on May 8,2014 | 07:25PM
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