Matson To Drop Fuel Surcharge To North Pacific Again

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Shipping to Micronesia, Guam, CNMI to drop 7 percentage points

By Gaynor Dumat-ol Daleno

HAGÅTÑA, Guam (Pacific Daily News, Feb. 7, 2015) – Continuing declines in bunker fuel prices have prompted Matson to again lower its fuel surcharge, by 7 percentage points, for its Hawaii, Guam-Northern Marianas and Micronesia services.

For Guam and the Commonwealth of the Northern Mariana Islands, the surcharge will drop from 32 percent to 25 percent. For service elsewhere in Micronesia, the reduction will be from 37 percent to 30 percent.

The reductions will take effect on Feb. 15, Matson stated.

The reduction represents a savings in shipping costs ranging from $140 to $245 per container, said Dave Hoppes, senior vice president for Matson's ocean services.

This is the fourth consecutive decrease for Matson's Hawaii and Guam-CNMI fuel surcharges.

The company on Jan. 13 announced a reduction in the surcharge, from 36 to 32 percent, for service to Guam.

On Feb. 15, Matson's fuel surcharge for those services will have dropped 18 percentage points since November last year, according to the company.

The company has stated its policy is to give customers 30 days notice in advance of fuel increases, but it passes on fuel savings as soon as possible.

Guam Power Authority customers also have seen significant fuel surcharge relief since November last year.

Guam's Public Utilities Commission recently approved an 18 percent decrease in the cost of power, and the relief for GPA customers went into effect at the beginning of this month.

The reduction means a household that uses the average 1,000 kWh in a month will see a savings of about $45, for a bill of $200.

GPA also reduced the cost of power last November, by 10 percent.

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