An increase in bunker fuel prices and other energy costs has prompted Matson to increase its fuel surcharge by 4.5 percentage points.
The increase takes the surcharge from 39 percent to 43.5 percent for the company’s Hawaii service and from 35.5 percent to 40 percent for its Guam/CNMI and Micronesia services. The increase is effective Oct. 7.
The company in June and July had two consecutive decreases, totalling 6.5 percentage points. Since that last decrease, bunker fuel prices increased more than 13 percent, Senior Vice President of Ocean Services Dave Hoppes said.
“While we were encouraged by the moderation of bunker fuel prices earlier this year, that trend has been reversed in recent months,” Hoppes said “Energy-related expenses continue to be a significant cost factor for most businesses, as well as consumers, with transportation companies especially hard hit.”