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, 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
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 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.
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
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 established Horizon Lines' business on April 26, 1956, when the vessel Ideal-X sailed from Newark, New Jersey to Houston, Texas. Sea-Land introduced container shipping to the Puerto Rico market in
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., 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, 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
Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million. In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9
Crowley Maritime Corp. informs its liner services group will add sailings between Pennsauken, N.J., and San Juan, Puerto Rico, this summer. The company has served the Puerto Rico market since 1954. “With our accelerated sailing schedule
Matson, Inc. has promoted Kenny Gill to the position of Vice President, Alaska. In his new role, Gill has management responsibility for all Matson operations in Alaska, including terminal operations, customer service, sales and financial performance of the company's terminals in Anchorage
Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services. The company expects to invest more than $30 million in new equipment planned by Horizon prior to its acquisition.
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
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
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
Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation, Inc
Horizon Lines, Inc. today reported financial results for the fiscal fourth quarter ended December 21, 2014. "Horizon Lines' fourth-quarter adjusted EBITDA increased 26.6% over the same period a year ago. The improvement in adjusted EBITDA was driven largely by higher fuel recovery
The maiden voyage of Crowley Liner Services’ new flat-deck barge will end on Monday when the barge is scheduled to arrive in San Juan with a full 400-load delivery. The vessel’s deployment is a major part of Crowley’s rapid response to the sudden departure of Horizon
Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico. The new asset has the capacity for 320 dry units and its initial departure is scheduled for the first week of April
Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The Pasha Group has been granted early termination of the premerger waiting period. This grant was effective April 21, 2015
VT Halter Marine, Inc., a company of Vision Technologies Systems, Inc. (VT Systems), announced it has delivered a combination container and roll-on/roll-off car truck carrier (ConRo), MV Marjorie C, to Pasha Hawaii. The MV Marjorie C is the second U.S
Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities. Separately and immediately preceding the completion of the transaction, Horizon completed the sale of its Hawaii trade lane assets
Crowley Maritime Corp.’s ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif., for the operation, crewing and maintenance of four Jones Act ships operating between the U.S. West Coast and Hawaii.