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Shipping company Matson Navigation Co. has announced that it will be decreasing its fuel surcharge for shipments between the US mainland and Hawaii, effective Sunday, April 28, as a result of the recent decline in bunker fuel prices.

Matson, Hawaii's largest ocean shipper, said that it will be lowering the fuel charge for its Hawaii service by 3.5 percentage points, from 40 to 36.5 percent.

The new fee is the second surcharge cut to be implemented this year. It follows a 3.5 percent reduction on March 17.

Dave Hoppes, senior vice president, ocean services, commented: "We are pleased to make this second consecutive downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $80 to $140 per container.

"We have been 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.

"Matson has made a practice of giving 30 days notice for upward rate adjustments, but passes on downward adjustments to our customers as soon as possible. We will continue to monitor fuel costs and adjust the surcharge accordingly."

Please find below a surcharge summary for Matson's Hawaii service since February 2008.

Feb 4, 2008 - 31.5%
Apr 6, 2008 - 33.75%
Jul 13, 2008 - 38.25%
Aug 31, 2008 - 42.25%
Sep 21, 2008 - 37.50%
Oct 12, 2008 - 33.0%
Oct 19, 2008 - 27.0%
Nov 2, 2008 - 25.0%
Nov 16, 2008 - 19.5%
Nov 30, 2008 - 15.0%
May 24, 2009 - 16.5%
Jun 21, 2009 - 20.0%
Jul 5, 2009 - 28.0%
Oct. 4, 2009 - 24.0%
Feb. 7, 2010 - 27.5%
Jul 18, 2010 - 25.5%
Sep 12, 2010 - 21.75%
Feb 27, 2011 - 26.5%
May 1, 2011 - 43.5%
Jun 12, 2011 - 47.5%
Aug 28, 2011 - 45.5%
Sep 25, 2011 - 42.5%
Oct 9, 2011 - 40.5%
Feb 26, 2012 - 45.5%
Jun 17, 2012 - 42.0%
Jul 15, 2012 - 39.0%
Oct 7, 2012 - 43.5%
Mar 17, 2013 - 40%
Apr 28, 2013 - 36.5%