Matson to raise shipping rates

West Hawaii Today says Matson will increase its service rates by $175 per westbound container and $85 per eastbound container. The company also is raising its terminal handling charge by $50 per westbound container and $25 per eastbound container, AP reports.

The company says the rate increase will help offset rising operating costs as well as support investments it has made in its Hawaii service. Matson says those investments include nearly $1 billion in four new container ships.