Sign up
Log in Sign up
Thu 1 Oct 2009, 09:29 GMT

Matson cuts fuel surcharge


US firm lowers its bunker fuel surcharge by 4 percentage points in October.

Shipping firm Matson Navigation Co. has announced that it is lowering its bunker fuel surcharge for shipments between the US mainland and Hawaii.

Matson, Hawaii's largest ocean shipper, said that it will be reducing its fuel charge by 4 percentage points, from 28 percent to 24 percent, for its Hawaii service.

The company will also be cutting its fuel surcharge for shipments to Guam/Micronesia by 4 percentage points from 29.5 percent to 25.5 percent.

The surcharge decreases will take effect from sunday October 4th.

“Matson is very pleased to make this downward adjustment to its fuel surcharge,” said Dave Hoppes, senior vice president, ocean services, in a statement.

“While we were able to make six consecutive decreases in 2008, the trend moved back upward in 2009. Matson has made a practice of giving 30 days notice of rate adjustments, however we are once again passing on this decrease to our customers as soon as possible so that they can quickly realize the benefits of this reduction during this difficult economic environment.”

Hoppes said customers should see a reduction of between $100 and $150 per container.

Illustration of balance scale with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.
Xinfu124 ultra-large LNG carrier. Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.
Østensjø Rederi newbuild tug render. Østensjø Rederi orders methanol-ready tug from Spanish shipyard  

Norwegian operator contracts Astilleros Gondán for vessel with diesel-electric hybrid propulsion system.
Bound4blue worker in safety gear. Bound4blue establishes China production base for wind propulsion systems  

Spanish wind propulsion firm targets Asian shipbuilding market with outsourced manufacturing network.
Alfa Laval and Hanwha Ocean Ecotech sign MoU. Alfa Laval and Hanwha Ocean Ecotech partner on ammonia fuel systems  

Collaboration aims to develop ammonia fuel technology for dual-fuel vessels in the Asian market.
Meg Dowling, Lloyd's Register. Nuclear-powered boxships could deliver $68m annual savings: Lloyd's Register  

Small modular reactors could eliminate fuel costs and carbon penalties while boosting cargo capacity, says report.
Minerva Bunkering and Autoridad Portuaria de Las Palmas (APLP) signing ceremony. Minerva Bunkering extends Las Palmas terminal concession by 15 years  

Bunker supplier adds barge capacity and explores new terminal for energy transition fuels.
Liam Blackmore, Lloyd's Register. Ammonia Energy Association releases gas detection whitepaper with Lloyd's Register input  

Lloyd's Register contributed expertise to new guidance on ammonia detection systems for the maritime sector.




 Recommended