Head of cargo car­rier ac­cepts new role

Honolulu Star-Advertiser - - BUSINESS - By Kris­ten Con­sil­lio kcon­sil­lio@starad­ver­tiser.com

Glenn Hong, head of Young Broth­ers Ltd., the state’s largest in­ter­is­land cargo car­rier, is leav­ing the po­si­tion to join par­ent com­pany Saltchuk on Jan. 1.

Hong, 69, joined Young Broth­ers in 1991 as vice pres­i­dent of fi­nance and govern­ment af­fairs, and the next year be­came pres­i­dent, lead­ing the fleet’s mod­ern­iza­tion to “meet neigh­bor is­land cargo needs into the next gen­er­a­tion.” He pre­vi­ously worked at Hawai­ian Elec­tric In­dus­tries.

“I’ve deeply val­ued the op­por­tu­nity to serve Hawaii by main­tain­ing and even en­hanc­ing Young Broth­ers’ 117-plus year le­gacy as the lead­ing ship­ping com­pany con­nect­ing our is­land state,” Hong said in a news re­lease. “I look for­ward to pur­su­ing a new role with Saltchuk and help­ing to sup­port its fam­ily of com­pa­nies in the islands.” Saltchuk ac­quired Young Broth­ers and Hawai­ian Tug & Barge from Hawai­ian Elec­tric In­dus­tries in 1999. The Seat­tle-based com­pany also as­sumed con­trol of Hawaii Pe­tro­leum, Minit Stop and Ohana Fu­els, as well as Aloha Air Cargo over the past decade. TOTE, a sub­sidiary of Saltchuk, said in Au­gust it plans to start a new ship­ping ser­vice in 2020 from the main­land to Hawaii and has signed a let­ter of in­tent to or­der four ships from a Philadel­phia ship­yard.

Hong will be the man­ag­ing di­rec­tor of Saltchuk Hawaii, pro­mot­ing all the com­pany’s brands through­out the islands.

Young Broth­ers, which op­er­ates six tug­boats in­ter­is­land, an­tic­i­pates in­vest­ing more than $180 mil­lion in new ves­sels and equip­ment by the end of 2018. That in­cludes four large 11,700-ton ca­pac­ity barges and a 5,600-ton mul­ti­deck barge to trans­port ve­hi­cles al­ready in op­er­a­tion. In ad­di­tion, four 6,000-horse­power tugs are sched­uled to be­gin ser­vice next year.

The com­pany said the in­vest­ments will im­prove op­er­a­tional ef­fi­ciency and re­li­a­bil­ity for Hawaii cus­tomers.

“This is a ex­tremely sig­nif­i­cant cap­i­tal in­vest­ment for Young Broth­ers in pro­vid­ing re­li­able ser­vice to the neigh­bor islands for many decades,” Hong said. “Mov­ing to Saltchuk, I won’t have op­er­a­tional re­spon­si­bil­i­ties. (The move is) to rep­re­sent Saltchuk and to make sure they have a good Hawaii per­spec­tive as they grow ex­ist­ing busi­nesses.” Saltchuk’s marine ser­vices busi­ness, Foss Mar­itime, is ex­pected to name Hong’s suc­ces­sor within the next few months.

COURTESY PHOTO

Glenn Hong: The Young Broth­ers pres­i­dent is re­tir­ing to take a job with the par­ent com­pany

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