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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 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 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 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 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 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


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 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


PGS Moves Asia Pacific HQ to Malaysia

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  Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities in Asia Pacific the Company has decided to relocate its regional headquarters from Singapore to Kuala Lumpur ("KL")


BMT-Designed Flex Ferries Delivered in Singapore

BMT Ferry.jpg

A trio of 38-metre Flex Ferries, built by Singapore’s Penguin Shipyard International and designed by Southampton-based BMT Nigel Gee, have been delivered to their new owner, Horizon Ferries, following successful sea trials in Singapore.  


G6 Alliance Makes Seasonal Service Change

Pacific Atlantic 2 service has temporarily stopped calling European ports due to a seasonal change in market demand. The service portfolio between Asia and North America East Coast continues unchanged. Members of the G6 Alliance have adjusted one of its Pacific Atlantic services in response to


Long-term Study May Reveal Deepwater Horizon Impacts

Dr. Wes Tunnell

The Harte Research Institute (HRI) for Gulf of Mexico Studies at Texas A&M University-Corpus Christi will receive approximately $1.25 million over the next three years to work with Mexican colleagues in the southern Gulf of Mexico to look for residual impacts from the Ixtoc I oil spill of


Study: US Offshore Holds Huge Untapped Potential

Credit: Chevron - Statoil ASA

New studies show huge economic and energy potential of untapped offshore areas Two new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the


Courts Upholds BP 'gross negligence' Gulf Spill Ruling

A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent." The decision by U.S. District Judge Carl Barbier in New Orleans means BP could still


Final Gates Shipment Arrives to Panama Canal

Photo: Panama Canal Authority

The final shipment of gates has arrived to the Panama Canal today for the new locks as part of the canal’s expansion project. The four gates arrived on board the Post-Panamax vessel Xia Zhi Yuan 6 owned by COSCO Ocean Shipping, after a 25-day voyage from the Port of Trieste in Italy


Horizon Lines Terminating Puerto Rico Operations

Horizon Lines announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Sea-Land Service, Inc. ("Sea-Land") pioneered the marine container shipping industry and


SWISSCO Sets Up JV with Union Offshore

  The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an


Matson To Acquire Horizon's Alaska Operations

The transaction has the value of $0.72 Per Common Share Plus Repayment of Debt; acquisition Accretive to Matson's Earnings and Cash Flow. Separately Horizon to Sell Hawaii Operations to Pasha and Terminate Puerto Rico Operations. A Matson Investor Conference Call has been acheduled for 5:00 PM


Caterpillar CEO Will Attend APEC CEO Summit

Chairman and CEO Doug Oberhelman is joining APEC economic leaders, business decision-makers and academics to discuss opportunities to strengthen regional economic integration and the global multilateral trade system during the 2014 APEC CEO Summit in Beijing.


Southern California Port Congestion

Worst congestion

  Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring off the harbor and waiting in line to berth. Now Vessels are also being delayed due to ongoing congestion.


MHI to Change Name of Group Company

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  Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) to Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP)


Crowley Transports Panama Canal Gate

Panama Canal Gate

  Crowley Maritime Corp.’s heavy lift barge 455 4 successfully delivered the first in a series of new gates for the ongoing Panama Canal expansion. Crowley is scheduled to help transport all eight of the gates involved in the Pacific side lock expansion of the Canal – a project


New Gate Transits the Panama Canal

Photo courtesy of the Panama Canal

The first gate for the new locks in the Pacific side began transit Wednesday morning through the Panama Canal, signaling another historic milestone in the progress of the Expansion Program. The gate transits the waterway aboard the Crowley 455-4 barge from the Atlantic temporary dock to the






 
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