Horizon Lines

Horizon Lines Names President

Sam Woodward: Photo credit Horizon Lines

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 Maersk Agreements

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 Wins RRF Contract

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 Participates in Anti-Piracy Testing

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 Develops Asia Liner Service

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


Governor Welcomes Horizon Lines to Philadelphia

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 Says Company will Work on Debt

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 Signs to Purchase Hawaii Stevedores

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


Horizon Lines’ Crew Commended by Congress

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 Joins SmartWay Transport Partnership

Horizon Lines, has joined the SmartWay Transport Partnership and earned the highest fuel efficiency and environmental performance rating from the U.S. Environmental Protection Agency (EPA). The SmartWay program is a collaboration between the EPA and the freight industry designed to increase energy efficiency while significantly reducing greenhouse gas emissions and air pollution. The SmartWay Transport Partnership aims to achieve fuel savings of up to 150 million barrels of fuel per year


Horizon Lines Report Container Volume, Revenue, Up in Q3 2012

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


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


Horizon Lines Prefer Philadelphia Terminal to Elizabeth NJ

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


Horizon Lines in Red, But EBITDA Rises in Q1 2013

Horizon Lines Ship: Photo courtesy of Horizon Lines

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


Horizon Lines Reaches Agreement in Principle to Reduce Debt

Charlotte, N.C. --- Horizon Lines Inc. announced that it has signed a restructuring support agreement with more than 96 percent of its  note holders to further deleverage the Company's balance sheet in connection with, and contingent upon


Container Shipping Line Wins Service & Reliability Award

Photo courtesy of Horizon Lines

Horizon Lines recieves '2011 Platinum Carrier Award' for the 6th time in succession from Lowe's Company Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been awarded the "2011 Platinum Carrier Award" by home improvement retailer Lowe's


Horizon Lines Report 4th Quarter Financial Results

Financial performance reflects negative impact of multiple factors in Horizon Lines 4th quarter 2011 results Horizon Lines, Inc. have reported financial results for the fiscal fourth quarter ended December 25, 2011.Financial results are being presented on a continuing operations basis


Horizon Lines Completes Transactions to Reduce Debt

Charlotte, N.C. - Horizon Lines Inc. today announced that it has completed transactions with more than 99 percent of its note holders, and with Ship Finance International Limited ("SFL") and certain of its subsidiaries, to substantially deleverage the Company's balance sheet and


Ship Finance Terminates Charters With Horizon

Ship Finance International Limited (NYSE:SFL) has agreed to terminate chartering agreements with Horizon Lines, LLC relating to five of its vessels. Ship Finance will receive as termination compensation $40 million in second lien notes issued by Horizon Lines and warrants exercisable into ten


Horizon Lines Reiterate Support for Jones Act

Photo credit Horizon Lines

US carrier Horizon Lines issues statement in strong support of the Jones Act Horizon Lines, Inc. today issued the following statement from interim President and Chief Executive Officer Stephen H. Fraser: Horizon Lines is, and always has been


Horizon Lines Supports Jones Act

HorizonLinesInc_201hi-res.jpg

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' Jones Act Ships for Asian Drydocking

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


Ocean Rescue by Horizon Container Ship

Photo courtesy of Horizon Lines

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 Receive Devlin Safety Awards

Photo credit Horizon Lines

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


Horizon Lines Nets Quality, Service Awards

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


 
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