According to a report released by Young Brothers Ltd., the main inter-island shipping company in the state of Hawaii, cargo shipments between Honolulu and the six neighbor island ports decreased by 3.9 percent during the first quarter of 2013 as compared to the same period a year ago. Shipments decreased by 12.3 percent to Kawaihae Harbor on the Big Island of Hawaii, by 6 percent at Hilo Harbor also on the Big Island, and by 5.8 percent on Kahului Harbor on Maui. Increases were seen at Nawiliwili Harbor on Kauai (3.1 percent), Kaunakakai Harbor on Molokai (2.2 percent) and Kaumalapau Harbor on Lanai at 28.5 percent. President of Young Brothers, Glenn Hong stated, “It’s disappointing to start the year with a decline. Nevertheless, it’s a continuation of the volatility we’ve experienced in quarterly comparisons of intrastate cargo volumes over the last few years. The trend has been sideways — a slight up quarter followed by a dip. We believe that some local businesses, particularly those on the neighbor islands, are still being very cautious.”
Source: Honolulu Star Advertiser, 5-24-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
