Matson Navigation Co. said it will raise its fuel surcharge to 16.5 percent from 15 percent for its Hawaii service effective May 24 due to rising fuel costs.

The increase followed six consecutive decreases in the fuel surcharge from August through November 2008.

In addition to the increase for its Hawaii service, Matson is also raising the rate on its Guam/CNMI and Micronesia service to 18 percent from 16.5 percent.

"Fuel costs have stabilized significantly since the dramatic spikes the world experienced from 2005 through 2008," said Dave Hoppes, senior vice president, ocean services.

"Unfortunately recent trends have resulted in increases in fuel-related costs that have had an impact on Matson's operating costs and are an unavoidable expense for transporting goods. Since November, bunker fuel prices have risen 10 percent, necessitating this adjustment. We will continue to monitor fuel costs and adjust the fuel surcharge accordingly."