Young Bros. Ltd. the main interisland shipping company for the state of Hawaii, announced that they saw a 1.5 percent increase in shipping volume in 2013. Per harbor, Kahului (Maui) saw a 1 percent gain, Hilo (Big Island of Hawaii) saw a 2.1 percent gain, Nawiliwili (Kauai) saw a 4.5 percent gain, Kaunakakai (Molokai) saw a 7.2 percent gain, and Kaumalapau (Lanai) saw a 20.7 percent gain. The only harbor that saw a decline in shipping volume was Kawaihae harbor (Big Island of Hawaii) with a decrease of 4.7 percent. Glenn Hong, president of the company, stated, "We turned the corner in 2013, but we still have a long way to go relative to the boom period we experienced during the middle of last decade. Cargo volumes started coming back in the second quarter last year and maintained relative strength to finish 2013 with some growth. We recognize that various economic reports have been mixed of late but we're hopeful that there is enough fuel in the economy to continue to drive increasing cargo volumes in 2014."
Source: Honolulu Star Advertiser, 2-20-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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