Horizon Lines Signs to Purchase Hawaii Stevedores
Horizon Lines Inc., a container shipping and integrated logistics company, signed a letter of intent to purchase Honolulu-based Hawaii Stevedores Inc., a provider of marine terminal services.
Financial terms were not disclosed. The acquisition is subject to the completion of a due diligence process.
The company plans to maintain all Hawaii Stevedores' contracts for stevedoring, or loading and unloading ships, as well as its existing labor contracts.
Source: AP