Lines Reports

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, made its normally scheduled port call and was successfully worked last night.

ACL Sees 2Q Profits Tripled

American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.7m, compared with $6.03m during the same period a year ago. Sales increased 20 percent. The company announced last month it plans to hire 1,100 people over the next three years. (Source: Star report)

Gulf Platform Fire: Two Missing Four Badly Burned

Coast Guard search continues for missing personnel following blaze on an oil platform in the Gulf of Mexico The fire on a shallow-water drilling oil production platform began while workers were using a torch to cut an oil line, reports Associated Press, and was brought under control within hours. Eleven people were taken by helicopter to area hospitals or for treatment on shore by emergency medical workers. A sheen of oil about a half-mile long and 200 yards wide was reported on the

RFID Tracking for US Visitors

In an experiment, the US Department of Homeland Security (DHS) is deploying radio frequency identification (RFID) technology to track immigrants entering and exiting the country, according to a Hindu Business Line report. The RFID is an automatic identification method, relying on storing and remotely retrieving data using devices called RFID tags or transponders. Beginning July 31, the experiment applies to people without green cards entering the US with a visa to work, study or tour

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 2.9% increase in container revenue, net of fuel surcharges, for the third quarter, relative to the same period a year ago," said Sam Woodward, President and Chief Executive Officer

Containershipping Takes a Nosedive

Plunging rates for chartering container vessels that carry consumer goods means a slowdown and losses for shipping lines in what is traditionally their busiest time of the year, according to a report on Bloomberg.com. As reported earlier today on MarineLink.com, MOL has revised its FY2011 downward, projecting a revenue drop of 6.3% from previous guidance. According to the Bloomberg report, fees for hiring vessels have fallen 9

Japan Ship Operator to Slash Bulk Ship Newbuild Orders

Daiichi Chuo K.K. may cancel ship orders, pare its fleet & sell new stock after getting emergency financing from shareholder Mitsui O.S.K. Lines Ltd. To help weather a slump in dry-bulk rates the company is in talks about canceling or delaying 10 of 60 on-order dry-bulk vessels as it heads toward a second straight annual loss, reports Bloomberg. The report adds that Nippon Yusen K.K. and Mitsui O.S.K., Japan's largest shipping lines

Maersk Gains From US Military shipments

Maersk gains from US military's US$ 11.5 billion war shipments Maersk, owner of the world’s largest shipping line, has benefited the most from the U.S. military’s dependence on commercial lines, according to a report in 'Longshore & Shipping News'. The company, based in Copenhagen, received almost half the military’s $1.82 billion in contracts last year to ship supplies and equipment around the globe, most of it tied to Iraq and Afghanistan

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

NOL Led Group Bids For Koja Container Terminal

A consortium led by Singapore shipping group Neptune Orient Lines (NOL) has put in a $150 million bid for Indonesia's Koja Container Terminal in Jakarta's Tanjung Priok port area. The other members of the group include Singapore government's investment arm, Temasek Holdings, and Indonesian shipping firm Samudera Shipping Line Ltd. Competing against NOL is Hong Kong Tycoon Li Ka-Shing's Hutchison Whampoa, according to a report in the Business Times