//
you're reading...
Guam, Transport

Guam port authority will lose due to Horizon withdrawal

Guam’s Port Authority could lose up to $200,000 in revenue a year due to Horizon Lines’ departure from the island.

The Pacific Daily News reports that the loses will come mainly from leases and operational costs.

Starting Nov. 21 only one Matson Navigation Co. vessel will come to Guam each week.

Vic Angoco, senior vice president for Matson’s Pacific Division, said he expects a second carrier would step in to fill the void left by Horizon.

Meanwhile Gov. Eddie Calvo has asked Matson to lower its shipping rates since it will soon have control over all incoming freight from the U.S.

Advertisements

About Samantha Magick

Journalist and editor

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Archives

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: