comscore Shipping firm suspends changes to cargo rules | Honolulu Star-Advertiser
Hawaii News

Shipping firm suspends changes to cargo rules

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now

KAILUA-KONA >> A Hawaii ocean shipping company is making adjustments to rules regulating its cargo service as it continues to seek federal coronavirus relief through the state.

Young Brothers LLC had planned to scale back its service by suspending mixed cargo shipping and loads that are less than a full container. But the company suspended the decision after hearing from customers and the community, company President Jay Ana said.

Ana told the Hawaii Public Utilities Commission that Young Brothers continues to evaluate its services as part of a May 26 request for $25 million in coronavirus relief, West Hawaii Today reported Sunday.

The commission is investigating the financial condition of the 120-year-old company, which said the funds are needed to stay afloat during the economic collapse caused by the pandemic.

The company previously announced plans to continue operations under a reduced schedule and move the barge arrival day in Hilo from Thursday to Monday, which was also driven by customer requests, Ana said.

Young Brothers cited a 30% drop in cargo volumes and losses expected to reach $25 million by the end of the year.

The losses are anticipated despite cost-cutting measures, including $6 million saved through reduced sailings to Maui and Hilo and $1 million from workforce reductions, hiring freezes and salary cuts.

The Honolulu company is especially vital to smaller islands such as Molokai and Lanai that depend on its tug-and-barge service.

Comments (5)

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.

Having trouble with comments? Learn more here.

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up