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Horizon Lines News

12 Dec 2022

Great Ships of '22: MV George III, LNG Containership

Photo Copyright Toby Manuput/The Pasha Group

Operating on Liquefied Natural Gas (LNG) from day one in service, the MV George III, the first of Pasha Group’s two new ‘Ohana Class’, Jones Act-qualified containerships, features a state-of-the-art engine, an optimized hull form, and an underwater propulsion system with a high-efficiency rudder and propeller. George III is the first LNG-powered vessel to fuel on the West Coast and the first to serve Hawaii. The 774-ft. Jones Act vessel surpasses the International Maritime Organization (IMO) 2030 emission standards for ocean vessels.

22 Sep 2017

Hawaii Stevedores Commits Kapalama Container Terminal

Honolulu-based Hawaii Stevedores, Inc. has received confirmation from Hawaii State Department of Transportation (HDOT) that, together with the state, Hawaii Stevedores will continue the joint development of the Kapalama Container Terminal (KCT). The state has confirmed its commitment for Hawaii Stevedores to lease the new 84-acre, state-of-the-art KCT, which will be constructed at the former Kapalama Military Reserve Terminal at Sand Island in Honolulu, as part of the state’s $448 million harbors modernization plan. “KCT is a shining example of a public/private investment partnership,” said George Pasha, IV, President and CEO, The Pasha Group, which owns Hawaii Stevedores.

16 May 2017

Matson Completes Upgrade of Alaska Fleet

Matson has welcomed Matson Anchorage back to Alaska following three months of work to upgrade the vessel, including the installation of new equipment that virtually eliminates particulate matter and sulfur from engine exhaust, making it one of the cleanest ships operating in Alaska. Matson Anchorage was the last of Matson's three D7 Class containerships serving Alaska to receive the new equipment. Sister ships Matson Kodiak and Matson Tacoma underwent the same upgrade work and were returned to service last year. The state-of-the-art hybrid "wet scrubber" exhaust gas cleaning (EGC) technology now operating in Matson's Alaska fleet is unlike any other on a U.S. flagged vessel.

14 Aug 2015

Alaska's Biggest Crane Arrives in Kodiak

Photo courtesy of Matson

Matson, Inc., a U.S. carrier in the Pacific, took delivery of a new 65-ton gantry crane to replace one half its size at the company's Kodiak Terminal. Standing more than 340 feet tall at its peak with a boom spanning 164 feet, Matson's new crane is the largest in Alaska, capable of lifting loads up to 60 feet long and weighing up to 145,000 pounds. Its state-of-the-art industrial equipment will be powered entirely by renewable energy. An electrically powered crane that uses fly wheel technology to capture…

05 Aug 2015

Matson Declares 2Q EPS Of $0.23

Matson, Inc., a U.S. carrier in the Pacific, reported net income of $9.9 million, or $0.23 per diluted share for the quarter ended June 30, 2015. The company said its second quarter results were negatively impacted by $13.5 million of additional selling, general and administrative expenses related to the company's acquisition of Horizon Lines, Inc. in excess of the company's incremental run-rate target and by $11.4 million of costs related to the company's settlement with the State of Hawaii to resolve all claims arising from the discharge of molasses into Honolulu Harbor in September 2013, which together reduced earnings per diluted share by $0.33. Net income for the quarter ended June 30, 2014 was $18.1 million, or $0.42 per diluted share.

29 Jul 2015

Matson Pumps $30 Million into Alaska Operations

Photo: Matson

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services. The company expects to invest more than $30 million in new equipment planned by Horizon prior to its acquisition. According to the shipper, equipment upgrades to be made over the next three months include 2,000 new standard 40-foot dry containers for general cargo, a new 65-ton gantry crane for Kodiak Terminal…

24 Jul 2015

Matson Promotes Gill as Alaska VP

Kenny Gill (Photo: Matson)

Matson, Inc. has promoted Kenny Gill to the position of Vice President, Alaska. In his new role, Gill has management responsibility for all Matson operations in Alaska, including terminal operations, customer service, sales and financial performance of the company's terminals in Anchorage, Kodiak and Dutch Harbor. Gill previously served as Senior Director of Operations for Horizon Lines' Alaska division. His appointment follows Matson's May 29, 2015 acquisition of the Alaska operations of Horizon Lines and subsequent retirement of Marion Davis…

19 Jun 2015

Crowley Adds Sailings from North Atlantic to Puerto Rico

Crowley Maritime Corp. informs its liner services group will add sailings between Pennsauken, N.J., and San Juan, Puerto Rico, this summer. The company has served the Puerto Rico market since 1954. “With our accelerated sailing schedule, we have determined that we can add a sailing each month between Pennsauken and San Juan,” said John Hourihan, Crowley senior vice president and general manager, Puerto Rico services. “We’ve been working diligently since last December to add capacity and tweak our vessel rotations and operations to accommodate as much cargo as possible. The 580-series, triple-deck Ro/Ro barge capable of carrying 345 loads will alternate between the South Atlantic and North Atlantic services…

11 Jun 2015

Top US Shipping Execs to Receive USS Awards

Anthony Chiarello, Matthew J. Cox and James C. The United Seamen's Service (USS) 2015 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Anthony Chiarello, President and CEO of TOTE; Matthew J. Cox, President/CEO of Matson Inc.; and James C. McKenna, President and CEO of Pacific Maritime Association. The maritime industry awards are to be presented at the 46th annual gala industry dinner and dance in New York on November 13, 2015. Recognition will also be given to American seafarers for specific acts of bravery and heroism while at sea.

01 Jun 2015

SFL Sells its Holding in Horizon Lines

Photo: Horizon Lines

Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million. In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9.25 million warrants in Horizon Lines in connection with a termination of the charters for five container vessels. Thereafter, the second-lien notes have accumulated interest on a non-cash basis at a rate of 15 percent annually. In November 2014…

29 May 2015

Crowley to Manage 4 Jones Act Ships for Pasha

Horizon Reliance (Photo courtesy of Crowley)

Crowley Maritime Corp.’s ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif., for the operation, crewing and maintenance of four Jones Act ships operating between the U.S. West Coast and Hawaii. The news follows the recent announcement that Pasha Hawaii, a wholly owned subsidiary of The Pasha Group, a family-owned global logistics company, will assume operations for all of Horizon Lines’ Hawaii business, including these four U.S.-flagged containerships.

29 May 2015

Matson Completes Horizon Lines Acquisition

Photo: Horizon Lines

Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities. Separately and immediately preceding the completion of the transaction, Horizon completed the sale of its Hawaii trade lane assets and liabilities to The Pasha Group for $141.5 million. Matson acquired the stock of Horizon for $0.72 per fully diluted common share, or $69 million, and repaid Horizon's outstanding debt, for a total transaction value of $469 million before transaction costs.

07 May 2015

VT Halter Delivers ConRo Ship to Pasha Hawaii

MV Marjorie C (Image courtesy of VT Halter Marine)

VT Halter Marine, Inc., a company of Vision Technologies Systems, Inc. (VT Systems), announced it has delivered a combination container and roll-on/roll-off car truck carrier (ConRo), MV Marjorie C, to Pasha Hawaii. The MV Marjorie C is the second U.S. Flag, Jones Act-qualified vessel built for Honolulu-based Pasha Hawaii and will join her sister ship, the MV Jean Anne, providing additional service to Hawaii via the Hawaii/Mainland trade lane. The 692 feet long MV Marjorie C features vehicle shipping capacity of 1…

04 May 2015

Matson Q1 Results Show Improved Performance

Image: Matson

Matson, Inc. today reported net income of $25 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.4 million, or $0.08 per diluted share. Consolidated revenue for the first quarter 2015 was $398.2 million compared with $392.5 million reported for the first quarter 2014. Matt Cox, Matson's president and chief executive officer, commented, "As expected, Matson carried strong momentum into the first quarter of 2015.

24 Apr 2015

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The Pasha Group has been granted early termination of the premerger waiting period. This grant was effective April 21, 2015. Subject to the satisfaction of any remaining conditions to closing, Horizon expects the closing of the transaction to occur before the end of the company's second quarter.

20 Apr 2015

Underway on LNG

Dennis Bryant

On 17 January 1955, Commander Eugene P. Underway on LNG has an opportunity to signal an equally significant change in the merchant marine. On February 6, 2015, the newly built Harvey Gulf International Marine offshore supply vessel (OSV) Harvey Energy was bunkered for the first time by liquefied natural gas (LNG) delivered by tank truck in Pascagoula, Miss. After receiving classification from the American Bureau of Shipping (ABS) and a Certificate of Inspection from the US Coast Guard, Harvey Energy got underway for its homeport of Port Fourchon, Louisiana.

30 Mar 2015

Sea Star Continues Puerto Rico Investments

Tim Nolan, Sea Star President

Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico. The new asset has the capacity for 320 dry units and its initial departure is scheduled for the first week of April. In January, Sea Star Line added two barges to address increased demand in the market. The total capacity for both barges is 750 FEUs with dedicated space for 84 refrigerated containers. Thus far in 2015, Sea Star Line has on-hired or purchased over 2…

20 Mar 2015

Crowley Introduces New Flat Deck Barge PR Service

Photo courtesy of Crowley Liner Services

The maiden voyage of Crowley Liner Services’ new flat-deck barge will end on Monday when the barge is scheduled to arrive in San Juan with a full 400-load delivery. The vessel’s deployment is a major part of Crowley’s rapid response to the sudden departure of Horizon Lines from the Puerto Rico trade. Since mid December, Crowley has, through a number of service enhancements, created additional weekly cargo carrying capacity for about 780 loads – or 78 percent the 1,000 loads previously transported by Horizon Lines in an average week.

16 Feb 2015

Horizon Lines to Settle Merger Litigation

Horizon Lines, Inc. announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation, Inc., a subsidiary of Matson, Inc. Pursuant to the settlement with plaintiffs, which is subject to Court approval, Horizon agreed to make certain supplemental disclosures to Horizon's stockholders through a supplement to Horizon's proxy statement. Further, Horizon agreed to amend the Agreement and Plan of Merger, dated as of November 11, 2014, by and among Horizon…

14 Mar 2015

Horizon Lines Post 4Q 2014 Results

Horizon Lines, Inc. today reported financial results for the fiscal fourth quarter ended December 21, 2014. "Horizon Lines' fourth-quarter adjusted EBITDA increased 26.6% over the same period a year ago. The improvement in adjusted EBITDA was driven largely by higher fuel recovery, lower transit and replacement vessel costs associated with dry-docking of our vessels and increased space charter revenue," said Steve Rubin, President and Chief Executive Officer. "The factors driving adjusted EBITDA growth were partially offset by modestly lower rates, net of fuel and higher vessel operating costs. Results represent the third consecutive quarter of growth in adjusted EBITDA over prior-year results.

08 Jan 2015

Matson Raises Fourth Quarter Outlook

Photo: Matson

Matson, Inc. said it holds a higher operating income outlook for the fourth quarter 2014, citing higher than expected freight rates and volumes as well as declining bunker fuel prices leading to gains. The company also made preliminary comments regarding its outlook for 2015, stating it anticipates flat to higher income for the coming year. Matson said it expects fourth quarter 2014 ocean transportation operating income to be approximately $45 million primarily driven by higher than expected freight rates in its China service and continued rate and volume growth in Hawaii and Guam.

13 Jan 2015

Horizon Lines Secures ECA Waiver

A Horizon Lins D-7 Class Containership (image: Horizon Lines)

Horizon Lines, Inc. announced it has received a permit providing a conditional waiver from the North American Emissions Control Area (ECA) fuel sulfur content requirements of MARPOL Annex VI regulation 14.4. The permit is in force while Horizon pursues installation of Exhaust Gas Cleaning System (EGCS) on each of its three (3) D7-class vessels which operate in the Alaska trade. The permit was issued by the United States Coast Guard (USCG) and the U.S. Environmental Protection Agency (EPA) and became effective in 2015.

04 Feb 2015

Class Approvals for Alfa Laval PureSOx Scrubber

Alfa Laval PureSOx 2.0 (Photo: Alfa Laval)

As the start of enforcement in Emission Control Areas (ECAs) now begins, Alfa Laval, which reported steady growth in exhaust gas cleaning in 2014, said it has the ability to deliver class-approved systems and is prepared for a higher order intake in 2015. Alfa Laval PureSOx is a marine SOx scrubber system allowing the continued use of heavy fuel oil (HFO) while meeting the emission limits for operation in ECAs. Now in its second generation, the system has accumulated an order portfolio comprising over 1…