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.
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
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)
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' 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
While overall customer satisfaction with cruise lines is high, nearly one in five customers experience a problem while on their cruise, according to the J.D. Power 2013 Cruise Line Satisfaction Report. Key findings: Disney Cruise Line (871) ranks highest in overall satisfaction among cruise line brands, followed by Royal Caribbean (838). Price (53%) and past experience with brand (39%) are the two primary reasons for selecting a cruise line.
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
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'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, 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
A Panama Canal delegation headed by Administrator Jorge L. Quijano visited Japan to hold discussions with the Japan Shipowners’ Association (JSA) and the major Japanese shipping lines, as well as end customers such as Japanese car manufacturers and energy sector companies.
Carnival Corporation & plc released a report today detailing its sustainability efforts, including initiatives which enabled the company to meet its corporate goal to reduce its rate of CO2 emissions from shipboard operations by 20 percent, a year ahead of its initial plan
Largest boxship undergoes tests, powered by largest engine China Shipping Container Lines Co. Ltd. (CSCL) ran sea trials from October 17-20 on its newbuilding, CSCL Globe, the first vessel in a series of five 19,000-teu, 400-meter containerships.
Charterers’ future procurement decisions will be driven by an increasing drive to improve sustainability within shipping supply chains. The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global shipping industry focused on uniting commercial
A cruise ship with 172 passengers and crew members suffering from a gastrointestinal ailment caused by norovirus was met by public health officials when it docked in California on Sunday, authorities and Carnival Corp said. The outbreak marks the second time in less than a year that the highly
The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Commissioner William P. Doyle's remarks at the Commission Briefing on Mid-Atlantic and Northeast Port Congestion Forum, November 13 2014 in Baltimore, MD. Commissioner Doyle's remarks, as follows: On October 1, 2014, Commissioner Lidinsky and I hosted the Mid-Atlantic and
Norway-based tanker and terminal company Odfjell reported third quarter losses despite revenue gains and the formation of a gas carrier new joint venture, among several "improvements." Odfjell reported third quarter 2014 chemical tankers EBITDA of $26 million
Maersk Line said it has achieved improved results in the third quarter of 2014 (Q3) through lower costs and increased rates. Revenue in Q3 was $7.074 million, as volumes increased by 3.7% to 2.4 million FFE. Maersk Line said its strategy is to grow with the market and the increase is in line
Shipping lines, union blame each other for West Coast port backups Tension over prolonged labor talks between maritime shippers and the union representing 20,000 West Coast dockworkers has erupted in public as the two sides blamed each other for escalating cargo congestion at the two busiest U.S
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
Danish shipping and oil group A.P. Moller-Maersk's third-quarter net profit beat expectations, boosted by a strong performance at its container shipping business Maersk Line. Net profit rose 25 percent to $1.5 billion compared with the same period last year, Maersk said on Tuesday
Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to import natural gas from Cyprus. Cypriot President Nicos Anastasiades said in Cairo that the three
Norwegian broadcaster NRK today reported that Aker Solutions' fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. While it is common practice at the yard to adjust the temporary workforce to existing activity levels