Matson raises fuel surcharge on U.S. mainland/Hawaii/Guam services
Due to increases in fuel prices, Matson Navigation Co. Inc. said it will raise its fuel surcharge from 6.5 to 7.5 percent on its U.S. mainland/Hawaii and Guam liner services, effective Sept. 15.
For every dollar increase per barrel of bunker fuel, Matson said it experiences an increase of about $1.9 million in annual operating costs. The shipping line said it cannot continue to absorb these additional fuel-related operating costs.
Historically, Matson has adjusted its fuel surcharges up or down based on established trends in oil prices. In May, Matson lowered its fuel surcharge from 7.5 to 6.5 percent, based on a downward trend in fuel prices.
