BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Matson: First fuel fee rise since August '08

Ocean shipper raises bunker surcharge as a result of the recent rise in fuel-related costs.





Updated on 27 Apr 2009 13:57 GMT

Hawaii's leading ocean shipper, Matson Navigation Co. has announced that it is raising its fuel surcharge for the first time since August 2008, as a result of the recent rise in bunker prices.

Following a run of six consecutive surcharge cuts, the company said on Friday that it was increasing the fuel surcharge by 1.5 percentage points from 15 percent to 16.5 percent for its Hawaii service and from 16.5 percent to 18 percent for its Guam and Micronesia service.

"Fuel costs have stabilized significantly since the dramatic spikes the world experienced from 2005 through 2008," said Dave Hoppes, Matson's senior vice president, ocean services. "Unfortunately, recent trends have resulted in increases in fuel-related costs that have had an impact on Matson's operating costs and are an unavoidable expense for transporting goods."

The latest surcharge rates are due to come into effect on Sunday May 24th.

Last week main rival Horizon Lines Inc. posted a net loss of $10 million for the first quarter of 2009, citing a loss in revenue from reduced fuel surcharges. The company has not yet publicly commented on whether it will also raise its Hawaii surcharge, which currently stands at 15 percent.

Below is a summary of the fuel surcharges announced by Matson since January this year for its Hawaiiservice.

24/05/2009: 16.50%

30/11/2008: 15.00%

16/11/2008: 19.50 %

02/11/2008: 25.00 %

19/10/2008: 27.00 %

12/10/2008: 33.00 %

21/09/2008: 37.50 %

31/08/2008: 42.25 %

13/07/2008: 38.25 %

06/04/2008: 33.75 %

04/02/2008: 31.50 %






Related Links:

Shipper posts $10m loss despite drop in fuel costs
Matson cuts surcharge a sixth time
Ocean shipper cuts surcharge a fifth time
Ocean shipper cuts surcharge a fourth time
United States

Latest News:

North America's first LNG bunker barge delivered
World Fuel Services claims enhanced client offering with launch of Falmouth jetty
Oil and fuel oil hedging market update
Sing Fuels adds bunker trader in Taiwan
Market increasingly focused on the upcoming US sanctions on Iranian oil
Top Ships' fuel-efficient 'Eco' tanker completes sea trials
Vopak and Maersk to launch 0.5%S bunkering facility in Rotterdam
Dan-Bunkering merges with Australia Bunkering
Oil and fuel oil hedging market update
SHI to build two bunker-saving LNGCs for Celsius Tankers
Oil slightly down on trade war and fears of economic slowdown
VPS issues flash point distillate alert for New York




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events