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Tuesday, January 13, 2015

Matson Decreases Fuel Surcharge

Matson Inc. has announced that it will reduce its fuel surcharge from 35.5 percent to 31.5 percent due to the fact that fuel prices have continued to drop. The most recent reduction will go into effect on January 18, 2015, a little less than a month from the last price reduction of 2 percentage points on December 21, 2014. Dave Hopes, Matson's senior vice president for ocean services, stated, "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 $80 to $140 per container. With this latest reduction, our fuel surcharge for those services will have dropped 11 percentage points since Nov. 2. 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."

Source: Honolulu Star Advertiser, 1-13-2015,
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC