Regulated Water Carrier News

Young Brothers, Limited informs that intrastate cargo shipments between Honolulu and six neighbor island ports finished basically flat, experiencing a slight increase of 0.3 percent in the second quarter ending June 30, 2014. “A year ago, the second quarter had significant volume growth, so a flat comparison still signals relative strength in the Neighbor Island economies from our viewpoint,” said Glenn Hong, president of Young Brothers. The April – June quarter marks five successive quarters of positive comparisons in cargo volume, quarter over quarter. The first quarter of 2014 saw a 4-percent rise in volume, while the second, third and fourth quarters of 2013 experienced increases of 4.4 percent, 5.2 percent and 0.6 percent, respectively.