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.