Guam – Matson has announced that it is increasing its fuel surcharge by 4.5% for its shipping service to Guam, the CNMI, Hawaii and Micronesia.
For the Guam/CNMI/FSM routes, the surcharge will rise from 35.5% now to 40%. For the Hawaii run it’ll rise from 39% to 43.5%.
The rate increase takes effect October 7th.
In a notice to its customers Matson explains the increase is the result of “rising bunker fuel prices and other energy related costs.”
This increase follows 2 consecutive decreases in June and July of this year which totaled 6.5%.
The Matson notice quotes Senior Vice President Dave Hoppes as saying: “While we were encouraged by the moderation of bunker fuel prices earlier this year, that trend has been reversed in recent months. Since announcing our last decrease in mid-July, bunker fuel prices have risen over 13 percent. Energy related expenses continue to be a significant cost factor for most businesses, as well as consumers, with transportation companies especially hard hit. As with all increases, Matson gives our customers 30 days advance notice prior to implementation. We will continue to monitor fuel prices and adjust the surcharge accordingly.”