Matson decreases surcharge again due to falling fuel prices

Local News

As fuel prices continue to fall, Matson announced it is again lowering its surcharge, this time by seven percentage points.

The drop applies to Matson’s Hawaii, Guam/CNMI and Micronesia services and will go into effect on Sunday, Feb 15.

The fuel surcharge for Hawaii will be reduced from 31.5% to 24.5%, for Guam/CNMI from to 32% to 25%, and for Micronesia from 37% to 30%.

“We are pleased to be able to make another downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $140 to $245 per container,” said Dave Hoppes, senior vice president, ocean services. “This is the fourth consecutive decrease we have made to our Hawaii and Guam/CNMI fuel surcharges; with this latest reduction, our fuel surcharge for those services will have dropped 18 percentage points since November 2, 2014.

“We continue to be 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 fleet,” he added.

Matson says it gives a 30-day notice for upward rate adjustments, but passes on downward adjustments to customers as soon as possible.

Below is an estimate, provided by Matson, of how the savings would break down when applied to specific goods:

12-ounce canned beverages

51,744 cans per 40-foot container

Reduction: -$251/51,744 = 0.48 cents per can (1/2 of a cent per can)

Heads of lettuce

24,000 heads of lettuce per 40-foot container

Reduction: -$356/24,000 = 1.48 cents per head of lettuce

Rice

2,280 20-pound bags of rice per 40-foot container

Reduction: -$208/2,280 20 pound bags = 9.13 cents per bag

Lumber

3,550 2’x4’ per 40-foot flatrack

Reduction: -$133/3,550 = 3.74 cents per 2 x 4

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories