By Pacific Business News (Honolulu)

Matson Navigation Co. said Thursday it will lower its fuel surcharge for service to Hawaii, Guam and Micronesia effective July 18.

Hawaiiâ¿¿s largest ocean shipper said it will decrease the surcharge because of a decline in recent bunker fuel prices.

Matson will lower the fuel surcharge by 2 percentage points, from 27.5 percent to 25.5 percent, for its Hawaii service, and from 29 percent to 27 percent for its Guam/CNMI and Micronesia service.

The last adjustment to Matsonâ¿¿s fuel surcharge was a 3.5 percentage point increase in February.

Dave Hoppes, Matsonâ¿¿s senior vice president for ocean services, said the surcharge decrease will mean a reduction in shipping costs of $55 to $85 per container.

⿿Matson has made a practice of giving 30-days notice of rate adjustments,⿝ he said. ⿿However, we are once again passing on the decrease to our customers as soon as possible so that they can quickly realize the benefits of this reduction during this difficult economic environment.⿝

Matson, based in Oakland, Calif., is owned by Honolulu-based Alexander & Baldwin Inc.

Copyright 2010 American City Business Journals
Copyright 2010