Sign up
Log in Sign up
Mon 11 Aug 2008, 11:54 GMT

Horizon in fuel surcharge u-turn


Ocean shipper changes surcharge rates to match those of its main competitor.

Horizon Lines Inc. has reduced its recent fuel surcharge for shipments between the U.S. mainland and Hawaii after its main competitor declined to match its price hike.

Horizon, Hawaii's second-largest ocean shipper, announced that it has lowered its fee to match that of its main rival Matson Navigation Company, after previously saying that it would raise the surcharge by 4.5 percentage points - or 11.8 percent - to a record 42.75 percent.

The company said that it would now boost the surcharge by 4 percentage points from 38.25 percent to 42.25 percent, an increase of 10 percent. The changes are due to come into effect on Monday September 1st, a day after Matson raises its fee to the same rate as Horizon.

On its website, the company said "Horizon Lines is continuing to closely monitor fuel costs and will adjust the Fuel Surcharge as trends warrant."

Horizon Lines has also amended its recent fuel surcharge covering its Guam service route to equal the fee charged by Matson. Effective Monday, September 1st 2008, the fuel surcharge will increase by 4.0 percentage points, from 39.75 percent to 43.75 percent, a rise of 10 percent. The company had planned to raise the fee by 4.5 percentage points - or 11.3 percent - to 44.25 percent.

It is the second time this year Horizon has lowered its rates to match those of its main competitor.

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