Mon 21 Jul 2008, 15:17 GMT

Horizon raises fuel surcharge to 42.75 percent


Ocean carrier's latest surcharge rise comes just one month after its last price hike.



Horizon Lines has announced that it will again increase its fuel surcharge, just one month after its last price rise.

The second-largest shipper serving Hawaii from the U.S. mainland has said that from August 27th it will raise its surcharge by 4.5 percentage points from 38.25 percent to 42.75 percent.

This is the ninth consecutive surcharge rise by Horizon Lines since January 2007 when the surcharge was 17.5 percent. It matches the rate of the last hike, which went into effect on July 14th.

Below is a summary of the previous fuel surcharges announced since January last year.

14/07/2008 38.25%
07/04/2008 33.75%
04/02/2008 32%
17/12/2008 29%
20/08/2008 24%
28/05/2007 22.5%
06/05/2007 20.75%
11/03/2007 19.5%
29/01/2007 17.5%

Horizon Lines will also raise its fuel surcharge by 4.5 percentage points - from 39.75 to 44.25 percent - for its Guam and Micronesia service routes. The price increases will come into effect on August 17th and 21st respectively.

In a letter to its customers last week, the company said "Horizon Lines understands that this adjustment impacts your cost of doing business, just as these fuel cost increases have affected our cost of providing service."

Rival shipping firm Matson Navigation Co. last boosted its fuel surcharge on July 13th from 33.75 percent to 38.25 percent. The company is understood to be mulling whether to match Horizon's latest fee increase, but has not yet come to a decision.

Meanwhile, Pasha Hawaii Transport Lines LLC also raised its surcharge on July 13th by 4.5 percentage points from 32.75 to 37.25 percent. The firm is said to be reviewing market conditions before making a decision regarding whether to raise its fuel surcharge further.


Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.

Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.

Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.

Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.

Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.

Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.

BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.

Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.

Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.

Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.





 Recommended