(HawaiiNewsNow) - Horizon Lines carries 330 million in debt that comes due next year. But it lost 33 million in the first quarter and 5 million in the second. Horizon this week has made 7 million in interest payments and lined up a 25 million bridge loan while it works on a larger refinancing plan.
Its competitor Matson wins another award. Logistics Management Magazine issues its annual quest for quality awards, ranking Matson navigation fourth out of fourteen ocean carriers.
New York based WP Carey & Company has bought nine self-storage operations from an American self storage including two in Hawaii. Price tag 46 million for all nine. The Hawaii locales, one in Kapolei and one on Maui, are run by extra space storage.
Retail news, Cara Mia opens in Ward Warehouse today. Hello Kitty products for children and party items as well. A couple of seasonal stores have also opened at Ward just in time for Christmas season.
Deere & Company is recalling 15 thousand John Deere lawn tractors, sold at Lowe's and Home Depot. The brakes can fail, leaving the blades turning longer than desired.