by Nick Delgado

Guam - During last night's information briefing at the Guam Legislature, Port Authority of Guam management testified the pullout of Horizon Lines means a probable loss of $200,000 in revenue as a result of existing leases and other miscellaneous operations. Ready to step up to fill the void is Matson Navigation.

As for rates, Vice President Vic Angoco says that remains under review. "If the transition period ends up being three months, six months and a second carrier doesn't show up, then we will look at how the additional freight affects, our cost and our revenue stream," he explained. "The same goes with fuel and the same goes with revenue, we will look at it but we I can't commit to it right now until it becomes a little more clear on how the landscape is going to look like if and when we would reduce rates."

The Port confirms there are other shipping carriers looking to Guam and are doing groundwork out of the port.