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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