By Pacific Business News (Honolulu)

Matson Navigation Co. announced Friday that it is increasing its fuel surcharge for Hawaii and Guam service, effective Feb. 27.

The stateâ¿¿s largest shipping company said it will raise the fuel surcharge for Hawaii service to 26.5 percent, which is up 4.75 percentage points from its previous charge of 21.75 percent. For service to Guam/CNMI and Micronesia, Matson is raising the surcharge to 28 percent, up 4.75 percentage points from the previous 23.25 percent charge.

Matson Senior Vice President Dave Hoppes said in a statement this is the first increase the company has made since February 2010. The company actually lowered its fuel surcharge twice last year, first in July and again in September.

Matson is a subsidiary of Honolulu-based Alexander & Baldwin Inc. (NYSE: ALEX).

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