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Lines Reports News

01 May 2020

American Cruise Lines Reports Bookings Uptick

(Photo: American Cruise Lines)

American Cruise Lines says it is seeing growing demand across its domestic portfolio of river and coastal cruises, reporting advance bookings for its 2021 season have brought passenger counts more than 25% ahead of the same time last year.The company cites increased awareness of U.S. cruise options along with guests’ desire to support all-American businesses as the primary reasons for the increase.The growth is also supported by the company's fleet and itinerary expansions, it said.

29 Aug 2017

Stena Adds Vessel on Gdynia-Karlskrona Line

(Photo: Stena Line)

Stena Lines reports the number of units carried by its Baltic Sea South freight business increased significantly in the first eight months in 2017, following strong growth through 2016. This calls for increased capacity, and from Monday, August 28, a fourth ship, M/V Gute, has been taken into operation between Gdynia and Karlskrona. “Over these last few years we have experienced a very positive volume development and we believe this will continue and we are very happy to introduce a fourth ship since we are in need of extra capacity to be able to continue to grow.

21 Nov 2012

Ships Bypass Port of Portland as Strike Looms

Ocean cargo carriers prepare to bypass the Port of Portland because of a strike planned by marine terminal security guards. The diversions by the giant freighters are expected to snarl cargo, hurt importers and exporters and further damage Portland's reputation as an international freight hub. Port officials plan to hire workers to replace the 25 longshore union members during a strike. But three Port terminals where the guards work are expected to shut down anyway, because fellow longshore workers who handle cargo assert the right to honor picket lines, reports 'The Oregonian'. In Portland, a shutdown would freeze millions of dollars worth of goods and force shippers to truck containers to and from Tacoma and other alternate ports.

03 Aug 2012

Horizon Lines Report Container Volumes Up in Q2 2012

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, which in turn improved the recovery of fuel costs. "Looking at each trade lane, Hawaii experienced continued strong volume gains during the quarter, helped in part by improving tourism and ongoing customer support amid an otherwise sluggish business environment," Mr. Woodward said. "Alaska's business rebounded from the first quarter, when record cold and snowfall exacerbated and extended the typically slow winter season.

10 May 2012

Horizon Lines' Jones Act Ships for Asian Drydocking

Horizon Lines reports Q! "Horizon Lines generated slightly improved revenue container volume and higher EBITDA and adjusted EBITDA in the first quarter relative to a year ago, despite challenges that included severe winter weather in Alaska, higher fuel prices and increased expenses," said Stephen H. Fraser, interim President and Chief Executive Officer. "Hawaii's performance improved significantly on solid customer support and an improving economy. Alaska's results were also better despite record cold and snowfall, which had a significant, adverse impact on customer demand and operations. Alaska was buoyed in part by domestic southbound volume that was driven by a strong seafood market.

08 Nov 2011

Horizon Lines Reports Weak 3Q Financials

Quarter Negatively Impacted by Goodwill Impairment Charge, FSX Losses, Volume and Rate Pressures. Horizon Lines, Inc. (OTCQB: HRZL) has reported financial results for the fiscal third quarter ended September 25, 2011. Financial results are being presented on a continuing operations basis, excluding discontinued logistics operations. On a GAAP basis, the third-quarter net loss from continuing operations totaled $126.5 million, or $4.09 per diluted share, on revenue from continuing operations of $321.9 million. On an adjusted basis, the company recorded a third-quarter net loss from continuing operations of $5.6 million, or $0.18 per diluted share, after excluding charges totaling $120.9 million, after tax, or $3.91 per share.

29 Apr 2011

Horizon Lines Q1 2011 Results

Horizon Lines, Inc. (NYSE: HRZ) reported financial results for the fiscal first quarter ended March 27, 2011. As a result of previously announced plans to discontinue the logistics business, financial results are being presented on a continuing operations basis, excluding the discontinued logistics operations. On a GAAP basis, the first-quarter net loss from continuing operations totaled $33.3 million, or $1.08 per diluted share, on revenue from continuing operations of $285.4 million. On an adjusted basis, the first-quarter net loss from continuing operations totaled $28.0 million, or $0.90 per diluted share, after excluding charges totaling $5.4 million after tax, or $0.18 per diluted share.

22 Oct 2010

Horizon Lines Reports Q3 Results

Horizon Lines, Inc. (NYSE: HRZ) reported financial results for its fiscal third quarter ended September 19, 2010. On a GAAP basis, third-quarter net income was $7.7 million, or $0.25 per diluted share, compared with $8.4 million, or $0.27 per diluted share, for the third quarter of 2009. On an adjusted basis, third-quarter net income totaled $11.0 million, or $0.35 per diluted share, excluding charges of $3.3 million after tax, or $0.10 per diluted share, for antitrust-related legal expenses, an equipment impairment charge and union severance. This compares with 2009 adjusted net income of $11.4 million, or $0.37 per diluted share, after excluding antitrust-related legal expenses and a vessel impairment charge totaling $3.0 million after tax, or $0.10 per diluted share.

25 Oct 2009

Horizon Lines Reports Q3 Results

Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal third quarter ended September 20, 2009. On a GAAP basis, net income totaled $8.4 million, or $0.27 per diluted share, on revenue of $308.0 million. This compares with net income of $11.1 million, or $0.37 per diluted share on revenue of $352.6 million for the same period a year ago. Adjusted third-quarter 2009 net income totaled $11.4 million, or $0.37per diluted share, after excluding antitrust-related legal expenses and vessel impairment charges totaling $3.0 million, or $0.10 per share after tax. Adjusted net income for the 2008 third quarter totaled $14.7 million, or $0.48 per diluted share, which excludes antitrust-related legal fees totaling $3.6 million, or $0.11 per share after tax.

25 Jul 2009

Horizon Lines Reports Q3 Results

Horizon Lines, Inc. (NYSE: HRZ), reported results for its fiscal second quarter ended June 21, 2009. On a GAAP basis, the company reported a net loss of $(31.1) million, or $(1.02) per share, on revenue of $278.5 million. The results reflect certain items, including a $20 million charge related to the previously disclosed class-action legal settlement in Puerto Rico, and a $10.5 million tax valuation allowance. After excluding these and other charges totaling $35.2 million, or $1.15 per share after tax, adjusted net income was $4.1 million, or $0.13 per fully diluted share. The company recorded the valuation allowance for book tax purposes against its deferred tax assets due to projected cumulative pre-tax GAAP losses for the three-year period ending in 2009.

12 Jun 2002

Royal Olympic Cruise Lines Reports Loss for 2001

Royal Olympic Cruise Lines Inc. has announced a loss for the fiscal year 2001, ended November 30, 2001. The events of September 11 had a substantial impact on the company's results and in the period September to November 2001, booking cancellations exceeded 3,000. EBIDA fell 25 percent from $ 21.7 mil in 2000 to $9.8 million in 2001. The inclusion of the first new vessel, Olympia Voyager, for a full year, resulted in additional interest and depreciation charges of $9.5 million, giving rise to operating losses of $18.4 million vs. profit of $3.2 million last year. The results were further deteriorated by non-operating losses on the valuation of financial instruments…

27 Jul 2007

Horizon Lines Reports 2Q Results

Horizon Lines, Inc. reported solid earnings for the second quarter of 2007. Net income for the second quarter of 2007 was $9.6m or $.28 per diluted share compared to net income of $6.4m or $.19 per diluted share for the second quarter of 2006. After adjustment to exclude the non-recurring loss on extinguishment of debt in 2007 and secondary offering expenses in 2006, and to retroactively apply tonnage tax to 2006, adjusted net income was $10.0 million or $.29 per diluted share in 2007's second quarter, versus $9.7 million or $.29 per diluted share in the second quarter of 2006. 2007 to $295.7 million, compared to $289.8 million for the second quarter of 2006. Operating income in the second quarter of 2007 was $22.9 million versus $22.4 million in 2006's second quarter.

02 Nov 2005

Horizon Lines Reports 3Q Results

Horizon Lines, Inc. measures. quarter of 2004. revenue. $27.4 million for the same period last year. intangible assets associated with the July 2004 acquisition of the Company. transaction expenses totaling $11.3 million. quarter of 2005, compared to 2004. over third quarter 2004 on a comparable basis. 2004. Basic earnings per share for the third quarter of 2005 was $.14. December 27, 2004.

18 Sep 2002

ICCL Cites Reasons for Cruise Industry Recovery

Despite economic anxiety following the tragic events of last September, the $20 billion cruise industry has rebounded dramatically. The International Council of Cruise Lines (ICCL), which represents 16 North American cruise lines, reports why the cruise industry is on track to attract a record 7.4 million North Americans to cruising in 2002. “Over the course of this year, the cruise industry pulled itself together by being responsive to consumers’ needs,” stated Michael Crye, president of the ICCL. “We dropped prices, moved cruise ships closer to home and made an already safe industry even safer. The ten reasons cited by the ICCL for the cruise industry’s quick economic recovery.