HONOLULU (AP) – The largest shipping company that carries goods to Hawaii is increasing its rates by an average of 5.6 percent.
Matson Navigation Company announced Tuesday it will raise rates for Hawaii service by $175 per westbound container and $85 per eastbound container, effective Jan. 1.
Matson is also raising its terminal handling charge by $50 per westbound container and $25 per eastbound container.
Senior Vice President Dave Hoppes says the increase reflects the rise in operation costs that Matson and other businesses face.
He says terminal handling costs comprise more than 40 percent of Matson’s operating costs.
Matson is a wholly owned subsidiary of Honolulu-based Alexander & Baldwin, Inc.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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