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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ClassNK Holds LNG Fuel Technologies Seminars

ClassNk held LNG-Fuelled Vessel Technologies seminars in Shanghai and Singapore on 22 July and 24, July 2014, respectively. With the industry looking to adopt

USCG Change of Command in Galveston

A Coast Guard lieutenant commander and graduate of Hastings High School in Houston, took command of Maritime Safety and Security Team Galveston during a ceremony in Galveston Thursday.

Miller Rejoins TITAN as Salvage Master

Captain Stuart Miller has rejoined Crowley Maritime Corporation’s TITAN Salvage operations team as salvage master, bringing with him over 30 years of worldwide,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1510 sec (7 req/sec)