With fuel related costs reaching historical record highs, Matson Navigation Company announced today that it is raising its fuel related surcharge by 2.25 percentage points, from 31.5 to 33.75 percent, effective April 6, 2008, for its Hawaii, Guam/CNMI and Micronesia services.

"Fuel related expenses remain a major cost component for Matson, as well as other transportation companies," said Dave Hoppes, senior vice president, ocean services. "Since our last increase was announced in early January, fuel prices have continued to be adversely affected by unprecedented demands for oil in the world market. While we recognize the impact these increases have on our customers and consumers in general, fuel consumption is an unavoidable cost that touches virtually all aspects of our operations. We will continue to monitor fuel prices and adjust the fuel surcharge accordingly."

If you have any questions, please contact your local sales representative or our Customer Support Center.

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