MEDIA RELEASE
As a result of recent declines in bunker fuel prices, Matson announced today that it is decreasing its fuel related surcharge by three percentage points, from 42% to 39% for its Hawaii service, and from 38.5% to 35.5% for its Guam/CNMI and Micronesia services, effective Sunday, July 15.
“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,†said Dave Hoppes, senior vice president, ocean services.
“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. Matson has made a practice of giving 30 days notice for upward rate adjustments, but passes on downward adjustments to our customers as soon as possible,” Hoppes said. “We will continue to monitor fuel costs and adjust the surcharge accordingly.â€
Matson’s last adjustment to its fuel surcharge was a decrease of 3.5 percentage points, effective June 17, 2012.
— Find out more:
www.matson.com
It doesn’t matter much if Matson reduces their surcharges and everyone else keeps theirs high, the cost of living just got higher, and the profits went to the truckers and the retailers.