Matson raises Hawaii fuel surcharge

Jan 28, 2012, 1:27 AM

HONOLULU (AP) – The largest shipping company that carries goods to Hawaii from the U.S mainland is raising its fuel surcharge after recently decreasing it three times.

Matson Navigation Company announced Friday the surcharge will increase by 5 percentage points.

Citing rising bunker fuel prices and other energy costs, Matson is increasing the surcharge from 40.5 percent to 45.5 percent for Hawaii service starting Feb. 26.

The company made downward adjustments in August through October because of declines in bunker fuel prices.

Matson officials vow to monitor prices and adjust the surcharge accordingly.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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