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2012 July 17   12:32

Horizon Lines lowers bunker surcharge

Container line Horizon Lines, LLC (Horizon) yesterday lowered its fuel surcharge to 39 percent, a drop of 3 percentage points, Ship & Bunker reports.

Horizon is Hawaii's second-largest ocean shipping company after Matson Navigation Company, Inc. (Matson) who also lowered their Hawaii surcharge by 3 percentage points to 39 percent effective yesterday.

The news follows a sharp drop in bunker prices, with the average price of for key grade IFO380 across global price indicator ports Singapore, Rotterdam, Fujairah, and Houston falling some $90 and $40 in May and June respectively.

Horizon says it maintains a fleet of 15 fully Jones Act qualified vessels and operates five port terminals in Alaska, Hawaii and Puerto Rico.

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