HONOLULU (KHON2) — It could cost more to get items shipped between islands. Young Brothers is looking to raise rates to cover increases in operating costs and impacts from the pandemic. Get Hawaii's latest morning news delivered to your inbox, sign up for News 2 You Suppliers and officials questions if this is the most effective solution. Hawaii imports more than 80% of goods from overseas, according to Young Brothers. Hawaii's only state-regulated water carrier for property said getting goods to neighbor islands is not a luxury, it's essential. "We also know how critical Young Brothers' service is to all of our islands," stated Pamela Tumpap, Maui Chamber of Commerce President. Young Brothers is responsible for all cargo moved between the Hawaiian Islands and is regulated by the Public Utilities Commission (PUC). It has filed a request for a $26.3 million increase in revenue. Unlike federally-regulated maritime companies, Young Brothers must get approval from PUC for any rate changes. According to Young Brothers, the rate increase would help cover higher operating costs, cargo volume not returning to pre-pandemic levels and upgrades to equipment and infrastructure. With over 1,250 sailing each year between the Hawaiian Islands, the company stated its tugs, barges, and other equipment experience significant wear and tear due to the corrosive saltwater. Since 2020, YB has spent more than $120 million, an average of $26 million per year, to maintain its facilities and vessel fleet. Kalani High School teacher named 2025 Hawaii State Teacher of the Year "Coming out of the wildfires, we're looking for ways to bring costs down- group shipping- trying to find efficiencies," stated Tumpap. Tumpap expressed concern over businesses already suffering from reduced visitor counts, which she believes have not recovered from pre-pandemic levels. "And, of course, we have a housing crisis and we're going to need a lot of shipping to bring things in to address our housing challenges," said Tumpap. Suppliers like Hawaii BMW dealerships also worried over how this could impact their business. "It makes life difficult when those prices increase," stated Tim Palms, Vice President of Hawaii BMW dealerships. "If there's a few hundred cars a year and there's an increase of $100 or $200 per car, that adds up to tens of thousands of dollars very quickly." If approved, it will cost 20% more to ship a container while shipping to Hilo will cost 35% more. The price to ship a car would go up by 30% and palletized cargo will go up by 30% for dry freight and 40% for refrigerated. "It cuts into our margins and it cuts into our profitability. Any big increases in freight costs get passed on to the consumer," said Palms. Download the free KHON2 app for iOS or Android to stay informed on the latest news Public meetings will be held in January and if approved, the rates would go into effect Summer 2025.