Matson will raise fuel surcharge again - Pacific Business News (Honolulu):

Ceiling
The surcharges will rise from 20 percent to 28 percentf for Hawaii service andfrom 21.5 percent to 29.5 percentf for service to Guam and Micronesia. Matson’s announcement Fridaty marked the third time in recent monthsd that it has increased itsfuel surcharge. An increase of 1.5 percentagew points took effectMay 24. And, on May 22, the companhy said it was raising itanothere 3.5 percentage points effective June 21. That meanas that by July 5 the fuel surcharger will have increased 13 percentage points in less thantwo months. In makin g its latest announcement, Matson remindefd customers that it had reduced its surchargesz last year when fuelprices moderated.
“As many of our customersa are aware, fuel prices have risen dramatically inrecengt months,” said Dave Hoppes, senior vice president, oceanb services, in a prepared statement. “While Matson made six consecutivwe decreases to its fuel surcharge in 2008 and made no adjustmentwsfrom Nov. 30, 2008, through May 23, 2009, the continuing upward trend in fuel-related costs makes this new increase, the third in recent months, necessary. Fuel costse directly impact Matson and othertransportatiob companies’ operating costs and are an unavoidable Matson, based in Calif.
, is owned by Honolulu-based (NYSE: and is Hawaii’s largest ocean