Sign up
Log in Sign up
Mon 4 May 2009, 08:03 GMT

Ocean shipper raises fuel surcharge


Shipping firm matches main rival and increases fuel fee by 1.5 percentage points.

Shipping firm Horizon Lines has announced that it is raising its bunker fuel surcharge for shipments between the US mainland and Hawaii.

Horizon, Hawaii's second-largest ocean shipper, will be matching its main rival Matson Navigation Co. and increasing its fuel surcharge by 1.5 percentage points to 16.5 percent following six consecutive surcharge cuts.

The company also plans to increase its surcharge for shipments to Guam/Northern Mariana from 16.5 percent to 18 percent.

The changes are due to come into effect on May 24th 2009, the same day main rival Matson Navigation Co is set to raise its fee by the same margin.

Last month Horizon Lines posted a net loss of $10 million for the first quarter of 2009, citing a loss in revenue from reduced fuel surcharges and a 7.1 percent overall volume decrease.

The company said it will continue to closely monitor fuel costs and will adjust the fuel surcharge as trends warrant.

CPN as China's No. 1 marine biofuel supplier in 2025 graphic. Chimbusco Pan Nation delivers 170,000 tonnes of marine biofuel in China in 2025  

Supplier says volumes quadrupled year on year, with a 6,300-tonne B24 operation completed during the period.
V.Group and Njord logo side by side. V.Group acquires Njord to expand decarbonisation services for shipowners  

Maritime services provider buys Maersk Tankers-founded green technology business to offer integrated fuel-efficiency solutions.
Container vessel manoeuvring in port. Has Zhoushan just become the world's third-largest bunker port?  

With 2025 sales of 8.03m tonnes for the Chinese port, Q4 data for Antwerp-Bruges will decide which location takes third place.
Monjasa Oil & Shipping Trainee (MOST) trainees. Monjasa opens applications for global trainee programme  

Marine fuel supplier seeks candidates for MOST scheme spanning offices from Singapore to New York.
Singapore's first fully electric harbour tug. Singapore's first fully electric tug completes commissioning ahead of April deployment  

PaxOcean and ABB’s 50-tonne bollard-pull vessel represents an early step in harbour craft electrification.
Fuel for thought: Hydrogen report cover. Lloyd's Register report examines hydrogen's potential and challenges for decarbonisation  

Classification society highlights fuel's promise alongside safety, infrastructure, and cost barriers limiting maritime adoption.
Bureau Veritas and Straits Bio-LNG sign MoU. BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.
Molgas Energy logo. Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.
Yiannis Diamandopoulos, Elinoil. Diamandopoulos appointed CEO of Elinoil as Aligizakis becomes chairman  

Greek marine lube supplier announces leadership changes following board meeting on 5 January.
Sustainable Marine Fuel Services webinar hosted by BV graphic. Bureau Veritas to host webinar on sustainable marine fuel transition challenges  

Classification society to address regulatory compliance, market trends, and investment strategies in February online event.




 Recommended