Matson’s 2009 Westbound Guam/CNMI Service Rates to Increase by $120 per Container
25 Noviembre 2008 - 3:31PM
Business Wire
Matson Navigation Company announced today that it will raise its
rates for the company�s Guam/CNMI service by $120 per westbound and
eastbound container, effective February 1, 2009. The increase will
be filed with the Surface Transportation Board. The rate increase
also applies to Saipan, Tinian and Rota. In addition, Matson will
raise its West Coast terminal handling charge by $175 for both
westbound and eastbound containers, also effective February 1,
2009. Matson also will implement a new crane surcharge of $125 per
container, which is designed to help recover costs associated with
the purchase and operation of three gantry cranes in the port of
Guam; the new charge will be implemented in March 2009, when the
cranes have commenced operations. �This rate increase will help
offset rises in operating costs and support ongoing investments in
our Guam service,� said Dave Hoppes, senior vice president, ocean
services. �Given the essential role ocean transportation has in
supporting Guam�s economy, Matson has continued to make significant
investments in upgrading its fleet. In the past six years, Matson
has invested over $500 million in four new containerships, all of
which are currently deployed in Matson�s Guam service. Matson also
continues to invest in new container equipment and information
technology. These investments will ensure that Guam�s economy is
supported by a modern, reliable ocean transportation infrastructure
that will efficiently accommodate the projected growth in coming
years due to the planned military build up in the region.� Matson�s
terminal handling charge was first implemented in 2003 and is
designed to recover a portion of the extraordinary costs associated
with the movement of cargo through terminals. This charge is
standard in the industry and appears as a separate line item at the
bottom of the company�s freight bills. �Terminal handling costs
comprise over 40 percent of Matson�s operating costs,� said Hoppes.
�Matson continues to absorb most of the costs associated with
terminal operations, the majority of which are driven by factors
that are outside of our control, but needs to pass on some of the
increased expenses to our customers.� In order to support Guam�s
infrastructure, three gantry cranes have been purchased by Matson
and Horizon Lines from the Port of Los Angeles and are currently
being refurbished, with delivery to Guam scheduled for early next
year. The cranes will ensure the port�s infrastructure will be
equipped with reliable, efficient container handling capabilities
that can effectively manage the projected growth in cargo
throughput in the coming years. The new fee will be used to finance
Matson�s portion of the investment in the three gantry cranes.
Matson is a wholly owned subsidiary of Alexander & Baldwin,
Inc. of Honolulu (NYSE: AXB).
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