Matson Navigation Co. is increasing its Guam and Micronesia service container rates effective Jan. 25, 2015.
Matson will increase the rates by $225 per container for both eastbound and westbound services, according to a prepared statement released Tuesday. The rate increase also applies to the Commonwealth of the Northern Marianas Islands, the Republic of Palau and the Republic of the Marshall Islands.
The company said it is not increasing its terminal handling charge.
The increases will be filed with the Surface Transportation Board and the Federal Maritime Commission.
Dave Hoppes, senior vice president of ocean services, said it is the second increase for the Guam and Micronesia services in four years. He said the increase will help offset rising operating costs as well as support investments in service.
According to the company, in the past decade, Matson has invested nearly $1 billion in four new container ships, fleet enhancements, new container equipment, information technology and upgrades to its terminal facilities.