Horizon Lines Signs to Purchase Hawaii Stevedores

May 4, 2007

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

Horizon Lines Signs to Purchase Hawaii Stevedores

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