Horizon Lines names Sam Woodward President & Chief Executive Officer at recent annual stockholder meeting Horizon Lines, Inc. one of the nation's leading domestic ocean shipping companies, announce that Sam Woodward has joined the company as President and Chief Executive Officer (CEO) and has been appointed to the company's Board of Directors, effective June 7, 2012. Mr. Woodward succeeds Stephen H. Fraser, who has served as interim President and CEO since March 2011. Mr. Woodward, 63, joins Horizon Lines from Traffic Tech Inc., an international freight forwarder, where he held several executive leadership roles. "We are delighted that Sam has chosen to join Horizon Lines as President and CEO," said Jeffrey A. Brodsky, Chairman of the Board of Directors. "Sam brings extensive transportation and logistics experience, and is known for his leadership abilities as a business strategist focused on operational transformation and excellence. He has a strong track record of success in a career that has spanned multiple companies over more than 30 years. Sam's proven leadership abilities will be an asset to management and the Board, as Horizon Lines moves forward in the years ahead.
Horizon Lines Extends Commercial and Operating Agreements With AP Moller Maersk Group Shipping and logistics company Horizon Lines Inc. said Monday it renewed and extended commercial and operating agreements with Denmark's AP Moller Maersk Group through 2010. Financial terms of the deals were not disclosed. The agreements include cargo space charters, terminal services, equipment sharing, and sales agency services, which had been set to expire in 2007.
The U.S. Department of Transportation Maritime Administration (MarAd) announced Horizon Lines, LLC has been awarded a contract for ship management services for two of its Ready Reserve Force vessels. The Ready Reserve program operates cargo vessels to help supply U.S. military forces deployed in a combat theater. The Ocean Transportation Services (OTS) group of Horizon Lines operates the company's 16 commercial cargo container ships serving markets between the U.S
Horizon Lines, Inc., (NYSE:HRZ) , the nation's leading domestic ocean shipping and integrated logistics company, recently participated in two separate anti-piracy system trials in an effort to better protect the lives of merchant mariners. In late July, International Maritime Security Network, LLC (IMSN) conducted safety drills and anti-piracy testing aboard the Horizon Crusader, while the ship docked in Orange, Texas
Horizon Lines, Inc. (NYSE: HRZ), domestic ocean shipping and integrated logistics company, announced it has secured two important agreements in the ongoing development of its new Asia liner service. Horizon Lines has appointed Hon Wing Lam as its Owner's Representative and Ben Line Agencies as its General Agent to support the company's ongoing sales and operations in Shanghai and Ningbo. As Horizon Lines Owner's Representative
Horizon Lines relocated its Northeast port of call from Elizabeth, New Jersey to Philadelphia, to mark another milestone for the Port of Philadelphia. Led by Governor Tom Corbett and political and business leaders from across the region, the Packer Avenue Marine Terminal welcomed Horizon Lines, Inc., one of the nation's premier containerized cargo shipping lines, to Philadelphia. Under terms of the agreement between Horizon and Packer
Charles G. (Chuck) Raymond, CEO and President of Horizon Lines Inc., said in an interview that the carrier, which completed a initial public offering (IPO) last September, “will generate significant free cash going forward and that will enable us to pay down debt and grow.” Mr. Raymond added that the anticipated acquisitions “will not be small deals.” Since going public at $10 a share on September 27, Horizon’s (HRZ) stock has increased as much as 30 per cent and
Horizon Lines, Inc. has amended its senior credit facility. The primary components of the amendment to the senior credit facility include: 1) increasing the revolving credit facility by $25 million to $75 million; 2) increasing the additional term loan borrowing availability by $25 million to $75 million; 3) raising the annual capital spending limit to $40 million, exclusive of vessel and equipment lease buyouts; 4) allowing
Horizon Lines Inc., a container shipping and integrated logistics company, signed a letter of intent to purchase Honolulu-based Hawaii Stevedores Inc., a provider of marine terminal services. Financial terms were not disclosed. The acquisition is subject to the completion of a due diligence process. The company plans to maintain all Hawaii Stevedores' contracts for stevedoring, or loading and unloading ships, as well as its existing labor contracts. Source: AP
Stressing that "ordinary people can do extraordinary good if given a chance," U. S. Representative Virginia Foxx, R-N.C., on the floor of the U. S. Congress recently commended the bravery of the crew of the Horizon Falcon containership operated by Horizon Lines, Inc. Rep. Foxx was speaking about the dramatic rescue this summer of Chinese seafarers in Asian seas performed by the American crew of the Horizon Falcon, a 722-foot containership.
Horizon Lines announced that it will expand its Gulf service to offer shippers a Tuesday sailing every other week from Jacksonville to San Juan. Adding the Jacksonville call also creates a high-speed, over-the-weekend marine option through Houston for cargo bound for southeastern destinations
Horizon Lines, Inc. has announced that William A. Hamlin has been named Executive Vice President and Chief Operating Officer. In his new role, Mr. Hamlin will continue to report to Sam Woodward, President and Chief Executive Officer. Mr
Horizon Lines plans to convert the power plants on two of its steam turbine cargo vessels to modern diesel engines capable of burning conventional liquid fuels or liquefied natural gas (LNG). "We are viewing this as the first step in a repowering initiative for Horizon Lines vessels serving
Horizon Lines, Inc. reported financial results for the fiscal second quarter ended June 23, 2013 with an almost doubled EBITDA from the same period last year. "Horizon Lines second-quarter adjusted EBITDA nearly doubled from the same period a year ago
Horizon Lines, Inc. issued the following statement from interim President and Chief Executive Officer Stephen H. Fraser: Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements
Horizon Lines reports Q! 2012 financial results with revenue container volume up, plans to dry-dock three Puerto Rico vessels in Asia The financial report includes the following summary statement: "Horizon Lines generated slightly improved revenue container volume and higher EBITDA and
AMVER participating container ship 'Horizon Reliance' rescues elderly yachtsman 1,000 miles off shore The Amver participating ship Horizon Reliance rescued an 81 year old male from his sailboat four months after the ship rescued three Canadians in another daring Pacific rescue.
Horizon Lines' vessels receive 2011 Jones F. Devlin Awards for safety from Chamber Of Shipping Of America, honored for dramatic February rescue Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has received recognition from the Chamber of Shipping of America
Bermuda/Oslo based shipowners Ship Finance International (SFL) is still expanding its fleet and rewarding shareholders with a huge yield Ship Finance International Limited is a major vessel owning company listed on the New York Stock Exchange
Horizon Lines reports second-quarter 2012 financial results: container volume improves 3.6% from a year ago. Sam Woodward, President and Chief Executive Officer said "Our overall adjusted EBITDA performance for the quarter was better than expected, due largely to the volume gain
Horizon Lines receives top honors in 'Quest for Quality' award, ranked first by customers for outstanding service. Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been honored for the fourth consecutive year with Logistics Management magazine's annual
Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago. Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results: "Horizon Lines generated a 3.4% improvement in container volume and a 2
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
Horizon Lines, Inc announce it will move its northeast terminal operations to Philadelphia, Pennsylvania, from Elizabeth, New Jersey, effective April 11, 2013. After an extensive review of options and a detailed evaluation of other ports connecting the northeast to Puerto Rico
First quarter 2013 net loss amounted to US$ 20.1 million, while rate, net of fuel, increased 1.9% & adjusted EBITDA was up 25.7% from a year ago. Sam Woodward, Horizon Lines' President and Chief Executive Officer said: "The positive factors resulting in adjusted EBITDA growth were