Trailer Bridge Expands Dominican Service

Wednesday, January 20, 2010

Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) announced that it is expanding its Dominican Republic sailings from every two weeks to weekly. The company will provide this service utilizing its existing vessels that currently link the ports of Jacksonville, Fla., San Juan, Puerto Rico, and Puerto Plata, Dominican Republic. The new service is expected to commence in the last week of January 2010. The company originally commenced sailing to the Dominican Republic in August 2007, and has grown its customer base significantly over the past two years. The added frequency of sailings will provide additional options for the company’s existing shipping customers, while also making Trailer Bridge’s value proposition more attractive for potential new shippers.

Trailer Bridge’s Chief Executive Officer, Ivy Barton Suter, stated, “We continue to search for cost-efficient methods to improve our operations and, as a result of existing customer demand, decided to expand our service to the Dominican Republic’s growing market without a significant increase in cost. This expansion was planned prior to the earthquake that struck Haiti earlier this week. As a service provider in the Caribbean, we are concerned for all those affected. Trailer Bridge is currently working with the U.S. and local governments and private parties to explore options for use of our additional available vessels in the relief effort.”

Suter also noted that on January 13, 2010, Trailer Bridge completed its previously announced purchase, in privately negotiated transactions, of another $1m of its 9 1/4% Senior Secured Notes maturing on November 15, 2011. Since September 2009, the company has repurchased $2.5m of these Notes, which have an outstanding balance of $82.5m.

(www.trailerbridge.com)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danish Maritime Days Themes Announced

Four themes at this year’s Danish Maritime Days will highlight some of the most important challenges and opportunities which the global maritime industry is facing, organizers said.

CMA CGM Proceeds with NOL Takeover after China Okay

CMA CGM, the world's third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore's Neptune Orient Lines (NOL) after receiving regulatory clearance from China,

Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0859 sec (12 req/sec)