POSTED: 10:38 a.m. HST, Jan 28, 2011
LAST UPDATED: 12:45 p.m. HST, Jan 28, 2011
Matson Navigation Co. said it will raise its shipping fuel surcharge next month for the first time in more than a year.
The state's largest shipping company said the fuel surcharge will increase by 4.75 percentage points to 26.5 percent for its Hawaii service effective Feb. 27.
For a container of mixed produce shipped from the West Coast to Hawaii the fuel surcharge will rise to $1,217 from $999, an increase of $218 dollars.
It is the first increase in the surcharge since Feb. 7, 2010. The last two adjustments in the surcharge were downward.
“Unfortunately, fuel prices have been rising dramatically over the past several months, necessitating this new upward adjustment,” said Dave Hoppes, Matson senior vice president of ocean services.
He said the company’s fuel costs are approaching the last high experienced in early 2008 when the fuel surcharge was in excess of 30 percent.