U.S. Shipping and logistics company Matson Navigation Company, Inc. (Matson) today announced that as a result of recent declines in bunker fuel prices it is decreasing its bunker fuel surcharges by 3 percentage points for its Hawaii, Guam/Commonwealth of Northern Mariana Islands (CNMI), and Micronesia services, Ship & Bunker reports.
Effective July 15, 2012, the drop lowers the charge from 42% to 39% for its Hawaii service, and from 38.5% to 35.5% for its Guam/CNMI and Micronesia services.
"We are pleased to be able to make this second consecutive downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $70 to $120 per container," Dave Hoppes, senior vice president, ocean services said in an email to customers.
The previous change for the Oakland headquartered firm's surcharge was a decrease of 3.5% effective June 17, 2012.
It is the fifth consecutive decrease for the Guam/CNMI and Micronesia services with the company saying no upward change was necessary earlier in the year due to "significant increases in freight volume", following the departure of a competitor late last year.
The increase of 5 percentage points for the Hawaii service on February 26, 2012 was proceeded by three consecutive decreases in 2011.
Matson says it is continuing to monitor fuel costs and will adjust the surcharge accordingly.
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