Matson is lowering its fuel surcharge for Hawaii and other Pacific Islands by 4 percentage points as bunker fuel prices continue to drop.

The fuel surcharge for Hawaii will be reduced to 31.5 percent from 35.5 percent, to 32 percent from 36 percent for Guam and the Commonwealth of the Northern Mariana Islands, and to 37 percent from 41 percent for Micronesia.

The reductions take effect on Sunday.

"We are pleased to be able to make another downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $80 to $140 per container," Dave Hoppes, Matson’s senior vice president for ocean services, said in a press release.

"This is the third consecutive decrease we have made to our Hawaii and Guam/CNMI fuel surcharges; with this latest reduction, our fuel surcharge for those services will have dropped 11 percentage points since November 2, 2014. We continue to be encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our fleet."