Fuel surcharges make shipping cheaper
HONOLULU - Hawaii's second largest ocean shipping company is lowering its fuel surcharge by 3 percentage points to 39 percent.
The Honolulu Star-Advertiser reports that the downward adjustment for Horizon Lines Inc. is effective Sunday,
Earlier this week, the largest company that ships goods to Hawaii announced it would decrease its fuel surcharge by 3 percentage points. Matson Navigation Co. said effective Sunday
the surcharge will go from 42 percent to 39 percent for Hawaii service. It will go from 38.5 percent to 35.5 percent for Guam, Commonwealth of Northern Mariana Islands and Micronesia services.
A third shipping company also announced a similar decrease. Pasha Hawaii Transport Lines is lowering its fuel surcharge by 3 percentage points to 35 percent effective Sunday.
Hoku plans to delist stock from Nasdaq
HONOLULU - Honolulu-based commercial solar power company Hoku Corp. will delist its stock from Nasdaq.
The company said in a statement Friday that it's been unable to maintain a minimum $1 bid price for its stock, placing it in violation of Nasdaq's listing requirements.
Hoku said it will soon file a form with the Securities and Exchange Commission to voluntarily terminate the listing.
Nasdaq halted trading of Hoku's common stock July 5.
Hoku's CEO resigned last month. The company also said it was exploring selling subsidiary Hoku Solar.
In May, the company announced that subsidiary Hoku Materials would lay off about 100 employees at an Idaho manufacturing plant. The Pocatello plant was to have made silicon for solar panels. Construction work at the facility stopped in April.