Matson, Inc. said Tuesday it will decrease its fuel related surcharge by 3.5 percentage points or from 40 percent to 36.5 percent for its Guam/CNMI and Micronesia services beginning Sunday, March 17.
The announcement also includes lowering the fuel surcharge for the Hawaii service by the same points or from 43.5 percent to 40 percent.
This latest adjustment, which is a result of recent moderation in bunker fuel prices, translates to a savings of $80 to $140 per container for customers of the public shipping company.
While Matson gives a 30-day notice for its upward rate adjustments, it passes on to customers downward adjustments as soon as possible, noted Dave Hoppes, senior vice president.
“We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our Hawaii and Guam services,” said Hoppes, adding that they will continue to monitor fuel costs and adjust the surcharge accordingly.
Matson last made adjustment to its fuel surcharge on Oct. 7, 2012, when it was increased by 4.5 percentage points. Prior to that, it had two consecutive cutbacks amounting to 6.5 percentage points in June and July 2012.