Young Brothers to Invest in Boats, Barges

Friday, April 07, 2006
Hawaii's largest provider of interisland cargo transportation is planning a major multi million-dollar upgrade. Young Brothers Ltd. said it will invest $186m over the next 10 years on everything from new barges and tugboats to a revamped information system that will allow customers to book online and track their cargo. Young Brothers said the investment is needed because of the company's aging fleet and because increased demand has the cargo company stretched to capacity right now. The investment includes eight new barges that can carry 40 percent more cargo and six new tugboats that are faster than the current fleet and use less fuel. (Source: Hawaii

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