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Wednesday, August 15, 2012

Inter-Island Cargo Shipments Decline

According to a report released by Young Brothers Ltd., cargo shipments between Honolulu and the neighbor islands have declined by 2.7 percent during the second quarter of 2012. Young Brothers is the state’s largest inter-island shipping company and their company president, Glenn Hong, stated, “The drop in second-quarter volume reflects the continued economic uncertainty. While we would prefer to reflect positive comparisons like we experienced in the first quarter of the year, the neighbor island economies at least appear to be stabilizing.”
Source: Honolulu Star Advertiser, 8-15-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
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