Horizon Charters New Ships

Monday, March 20, 2006
Horizon Lines, Inc. announced it reached an agreement in principle to charter five new U.S. flag, foreign built vessels for 12 year terms from Ship Finance International Limited. The five vessels will be of a proven, international design and will each carry 2,800 twenty-foot equivalent containers and have 23-knot service speed. The five new vessels will be deployed in Horizon Lines' weekly service linking the U.S. West Coast with Guam and Asia, upgrading the current "TP1" service that is being served with five Jones Act-qualified vessels today. The Jones Act covers ocean cargo services to and from Puerto Rico, Hawaii and Alaska, as well as cargo moving between other U.S. origin and destination ports, ensuring those cargoes are carried on U.S.-flag, U.S.-built and U.S.-manned vessels. Charles G. (Chuck) Raymond, Horizon Lines' CEO and President, said, "As we embark on our fleet enhancement strategy, this is a proud and historic day for Horizon Lines." "The enhanced service will provide us with additional space and faster transit time between the U.S. West Coast and Guam, as well as the return voyage from Asia to the U.S. West Coast." Redeploying the carrier's Jones Act vessels from the TP1 service to Hawaii and Puerto Rico will provide additional capacity and service scope to better meet the future needs of Horizon Lines' customers well into the future. The introduction of this new tonnage also allows the carrier's Jones Act vessels to be used as reserve capacity to meet seasonal and dry-dock needs, as well as to respond to potential new opportunities such as coastwise container services.

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Windrock Names Kelleher Global Business Development Manager

Edward P. Kelleher will be assuming the new role of Global Business Development Manager – Diesel, effective December 1st.   In this role, Mr. Kelleher will be

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.


Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Damen Marine Components Opens Jiangyin Plant

Damen Marine Components (DMC) is proud to announce the opening of its brand new facility in Jiangyin, China.Those present at the opening ceremony included CEO

Groundbreaking Ceremony for Seaspan's Vancouver Office

Seaspan hosted a groundbreaking ceremony today to announce it has officially started construction on a new head office in North Vancouver. The 7,800 square metre (84,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
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: 0.1048 sec (10 req/sec)