Matson decreases fuel surcharge

Matson decreases fuel surcharge Matson Navigation Co. on Monday said it is lowering its fuel surcharge in its Hawaii, Guam/CNMI and Micronesia services as a result of recent declines in bunker fuel prices.
   The fuel surcharge will be reduced from 18.75 percent to 17.5 percent, effective Sunday.
   'Bunker fuel prices continue to decrease, allowing us to make this third consecutive reduction to our fuel surcharge,' said Dave Hoppes, senior vice president, ocean services, in a statement. 'Following an extended period of rapidly escalating fuel costs, we've been encouraged by this recent ongoing downward trend. For customers, this represents another decrease in shipping costs ranging from $25 to $80 per container. We will continue to monitor fuel costs and adjust the fuel surcharge accordingly. While fuel prices remain volatile, we are hopeful this current trend will continue.'