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PACIFIC HORIZON

Recent Vessel Sales: June 2014

Vessel sales for June 2014 (as of July 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 6/26 - TAN BINH 36 - 22,257 - 90 (24) - $3.7 6/11 - EVER REGAL - 23,468 - 98 (16) - $6.9 6/02 - LORD CURZON - 27,868 - 97 (17) - $9 6/19 - UNIPLUS - 28,024 - 89 (25) - $4 6/26 - BUMBI - 29,870 - 04 (10) - $13.3 6/26 - TRANS OCEAN I - 38,398 - 86 (28) - $3.9 6/26 - SKYE - 42,223 - 91 (23) - $4.9 6/02 - STAR LYGRA - 50,741 - 13 (1) - $49 6/02 - WESTERN SINGAPORE - 52,239 - 03 (11) - $17.5 6/02 - FATHER NEPTUNE - 55,700 - 09 (5) - $25.5 6/30 - CROWN ALEXANDRA - 57,981 - 12 (2) - $24.9 6/30 - CROWN ESMERALDA - 58,000 - 12 (2) - $24.9 6/30 - CROWN MINA - 58,018 - 12 (2) - $24.9 6/30 - FIRST ENDEAVOUR - 69,111 - 94 (20) - $5.7 6/02 - RENASCENTIA - 74,732 - 99 (15) - $11.2 6/11 - YUSHO SPICA - 76,598 - 06 (8) - $20 6/02 - MISHIMA - 76,598 - 02 (12) - $16 6/02 - YE SHAN - 79,754 - 11 (3) - $22.1 6/02 - GRAIN PEARL - 81,630 - 13 (1) - $27.5 6/09 - KING SANTOS - 82,566 - 14 (0) - $32.7 6/09 - KING SEATTLE - 82,566 - 14 (0) - $32.7 6/30 - BLUE MANASLU - 179,276 - 11 (3) - $51.5 Car Carriers 6/09 - A LADYBUG - 26,985 - 11 (3) - $65 6/09 - B LADYBUG - 27,003 - 11 (3) - $65 Combination Carriers 6/02 - E WHALE - 319,869 - 10 (4) - $61 Chemical Carriers 6/09 - ALINA - 5,070 - 01 (13) - $7.8 6/30 - CRANE BRIGHT - 6,788 - 02 (12) - $7.1


Horizon Lines Experiences Minimal Disruptions from Earthquakes

Horizon Lines reported that the earthquake measuring magnitude 6.6, and several strong aftershocks including one measuring magnitude 5.8, that struck the Big Island of Hawaii on Sunday morning has not significantly impacted its operations. Inspections conducted Sunday found all cranes fully operational and minimal impacts to the Port of Honolulu. Power was restored late Sunday and a Horizon Lines vessel, the Horizon Pacific


Horizon Offshore Secures First Contract in West Africa

Horizon Offshore, Inc. in association with its Nigerian affiliate, Horizon Offshore (Nigeria) Ltd., has been awarded a portion of Chevron Nigeria Ltd.'s Escravos Offshore Pipeline and Structural Installation 2-year Program (with an option for an additional year). Works will begin in late December 2002 or early January 2003. Horizon's pipelay barge, the Brazos Horizon, mobilized from the Gulf of Mexico and has arrived in Nigerian waters. The company has established


Horizon Lines Announces Senior Management Promotions

Horizon Lines, Inc., announced several key promotions and realignments of senior management responsibilities. John W. Handy is joining Horizon Lines as Executive Vice President. Reporting to him will be John Keenan, Senior Vice President and Chief Transportation Officer, Ken Privratsky, Vice President and General Manager, Alaska, Gabriel Serra, Vice President and General Manager, Puerto Rico, and Mar Labrador in his new position as Vice President and General Manager, Hawaii/Guam


Horizon Lines Announces Organization Changes

Charles G. Raymond, Chairman, President and Chief Executive Officer of Horizon Lines, Inc. said several organization changes, key executive promotions and a realignment of senior management responsibilities. Effective September 1, 2007, Horizon Lines, Inc. is structuring its transportation and logistics operations under two wholly owned subsidiaries, Horizon Lines, LLC, and Horizon Logistics, LLC. Horizon Lines, LLC will continue as the nation's leading Jones Act container shipping


Horizon Lines Win Environmental Stewardship Awards

Horizon Reliance: Photo credit Horizon Lines

US Company honored by Chamber of Shipping of America & Supply & Demand Chain Executive Magazine. Horizon Lines was recognized for outstanding achievement in environmental excellence by the CSA at a recent ceremony in Washington, D.C.  Additionally, the company has been named one of the 2012 Green Supply Chain Award winners by Supply & Demand Chain Executive magazine in its December issue. CSA awarded eight Horizon Lines vessels with Environmental Achievement Awards


Horizon Offshore Signs Contract in Northeast

Horizon Offshore, Inc. announced that its subsidiary Horizon Offshore Contractors, Inc. signed a contract with Algonquin Gas Transmission, LLC, an affiliate of Spectra Energy Corp., to lay and bury 16 miles of 24" trunk line, two 18" lateral lines, along with the associated tie-ins and testing of the pipelines. These pipelines will service the Northeast Gateway Deepwater Port being constructed offshore Massachusetts. The work is expected to commence in May 2007 with completion expected by


Horizon Enters into OSHA Partnership

Horizon Lines of Puerto Rico, Inc., a subsidiary of Horizon Lines, Inc., participated in a signing ceremony of its Maritime Industry Safety Partnership Agreement with the International Longshoremen's Association (ILA) Local 1575 and the Occupational Safety and Health Administration. This agreement marks the second time Horizon Lines has taken a leadership position nationwide with a safety program of this nature. In 2002


Horizon Lines Acquires Aero Logistics

Horizon Lines, Inc., has acquired Aero Logistics, a full service, third party logistics provider (3PL) headquartered in South San Francisco, CA. The terms of the acquisition were not disclosed. Aero Logistics designs and manages custom freight shipping and special handling programs for customers in service-sensitive industries including high-tech, healthcare, energy, mining, retail and apparel. Aero also operates a fleet of GPS-equipped trailers under the direction of their Aero


Horizon Offshore Granted Pipeline Construction Component

An alliance of which Horizon Offshore is a member has been granted a contract for the EPC 64 project from Pemex Exploracion y Produccion. The project's workscope, which entails the installation, bury, hook-up and commissioning of seven pipelines in the Cantarell Field, call for Horizon to provide all marine construction. With work set to commence during August, the company will utilize one of its pipelay barges, Gulf Horizon, for laying the 12-, 20- and 24-in. pipelines


First Gate Installed in Panama Canal’s New Pacific Locks

Photo courtesy of ACP

The first gate will be installed in lock head one facing Gatun Lake; canal expansion program 85 percent complete The first gate for the Panama Canal’s new locks in the Pacific side was installed earlier today after being carried to its final destination on self-propelled motorized wheel


Cost Overrun Hits Panama Canal Expansion

Image: Panama Canal Authority

Widening the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work says a report from AFP.  The canal's administrator Grupo Unidos por el Canal (GUPC), which is overseeing upgrades to the canal's locks


India-US “New Vision” for Asia Pacific and Indian Ocean

Barack Obama and Narendra Modi. Pic: Press Information Bureau, Government of India

 India and the USA on Sunday released a Joint Strategic Vision statement for the Asia-Pacific and Indian Ocean region, marking the deepening strategic equation between the two nations.  The partnership is expected to cover a wide sphere of influence that would extend from Africa to the


Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015 to all shareholders of record as of the close of business on February 12, 2015.  


Atlantic Rolling Gate Installed at Panama Canal

Photo: Panama Canal Authority

The Panama Canal Expansion Program’s electro-mechanical installation phase has begun with the installation of the first steel rolling gate at the Atlantic side.   "This year, the Expansion Program completed several milestones towards the completion of the project


"Iron Nickel's" Last Voyage

The amphibious assault ship USS Peleliu (LHA 5) returns to San Diego following the completion of its final deployment to the Western Pacific region. Peleliu completed Rim of the Pacific (RIMPAC) Exercise 2014 and conducted

  USS Peleliu (LHA 5) returned to Naval Base San Diego Dec. 24 from a six-month deployment to the Western Pacific. Upon return, the ship will make preparations to decommission in March after 34 years of service, 17 deployments and more than a million miles transited


US Navy Assists in Air Asia Search

USS Sampson (U.S. Navy photo by Jon Dasbach)

U.S. Navy sends ship to support Air Asia Flight QZ8501 search operations At the request of the Government of Indonesia and as directed by U.S. Pacific Command, U.S. Pacific Fleet has authorized U.S. 7th Fleet to position USS Sampson (DDG 102) in the general search area for missing Air Asia


UN: Asia-Pacific Better Prepared 10 Years after Tsunami

A fishing trawler damaged by the December 2004 tsunami under repairs at the Kudewella boat repair centre in Sri Lanka with assistance from FAO. Photo: FAO/Prakash Singh

Ten years after the Indian Ocean tsunami hit South and Southeast Asia, countries in the region are better prepared to deal with tragedies, the United Nations Food and Agriculture Organization (FAO) said today, while stressing that there is still room for improvement.  


Recent Vessel Sales: December 2014

Vessel sales for December 2014 (as of January 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 12/15 - BRILLIANT MOIRA - 28,384 - 14 - (0) - $18.3


Pacific Basin Adopts DNV GL’s ShipManager

Photo Credit: Pacific Basin

Pacific Basin will implement the DNV GL’s ShipManager fleet management system on its owned fleet within the next two years.    Shipping companies often have various IT systems that cover different aspects of their operations


Pacific Basin Adopts DNV GL’s ShipManager

World-leading maritime software from DNV GL

  Pacific Basin, one of the world’s largest owners and operators of Handysize bulk carriers, will implement the DNV GL’s ShipManager fleet management system on its owned fleet within the next two years. Shipping companies often have various IT systems that cover different


U.S. Forecaster Sees Potential for Weak El Nino Conditions

Photo courtesy: NOAA

The U.S. weather forecaster on Thursday projected a 50 percent to 60 percent chance of El Nino conditions during over the next two months, compared with the 65-percent chance it predicted for the Northern Hemisphere winter in December. The Climate Prediction Center


Matson Raises Fourth Quarter Outlook

Photo: Matson

Matson reports higher than expected 4Q14 ocean transportation operating income; preliminary full year 2015 outlook expected to be flat to modestly higher than 2014 levels    Matson, Inc. said it holds a higher operating income outlook for the fourth quarter 2014


BP, Anadarko Fail to Win Review of Gulf Spill Fines

  BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill. By a 7-6 vote, the 5th U.S


Horizon Lines Secures ECA Waiver

A Horizon Lins D-7 Class Containership (image: Horizon Lines)

Horizon Lines, Inc. announced it has received a permit providing a conditional waiver from the North American Emissions Control Area (ECA) fuel sulfur content requirements of MARPOL Annex VI regulation 14.4.   The permit is in force while Horizon pursues installation of Exhaust Gas Cleaning






 
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