Horizon Lines New Terminal in Oakland
Horizon Lines, Inc., (NYSE:HRZ), the nation's leading domestic ocean shipping and integrated logistics company, has entered into a new agreement for terminal operations at the Port of Oakland. Horizon Lines has teamed with Ports America, the largest terminal operator and stevedoring company in the Americas, to service cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia. Horizon Lines operations are located at 1599 Maritime Street. Ports America brings state-of-the-art technology and superior terminal services expertise to help deliver efficient gate and vessel operations to Horizon Lines' customers. Service…
Horizon Lines Names Raymond As Chairman
Horizon Lines Inc., a container shipping and integrated logistic company, on Friday said its board of directors voted to appoint current President and Chief Executive Charles "Chuck" G. Raymond as the company's first chairman. Raymond will retain his current responsibilities. Raymond has served as president, CEO and as a director of Horizon Lines Inc. since July 2004, and of Horizon Lines LLC since February 2003. Before joining Horizon Lines, Raymond served as an executive officer at railroad operator CSX Corp.
Ship Finance Terminates Charters With Horizon
Ship Finance International Limited (NYSE:SFL) has agreed to terminate chartering agreements with Horizon Lines, LLC relating to five of its vessels. Ship Finance will receive as termination compensation $40 million in second lien notes issued by Horizon Lines and warrants exercisable into ten percent of the common stock of Horizon Lines, Inc. as part of the restructuring outlined below. The 2,824teu vessels were built in Korea in 2006 and 2007, and have been chartered to Horizon Lines for an average of approximately 5 years. The original bareboat charter term was for 12 years, but following the termination of the Horizon Lines charters, Ship Finance will employ the vessels in the time-charter market instead.
Horizon Lines of Guam to Begin Micronesia Service
Horizon Lines, LLC initiated a new service to the Federated States of Micronesia and the Republic of Palau under the carrier's subsidiary company, Horizon Lines of Guam, LLC. The new service starts January 15th. Horizon Lines of Guam offers through bills of lading for service between Chuuk, Pohnpei, Kosrae, Yap and Palau and the United States. Shipments between the U.S. and Guam, Tinian and Rota will continue to be booked with Horizon Lines, LLC. The new offering will utilize Horizon Lines, LLC vessels for service between U.S. mainland ports and Guam. FSM Line will provide service between Guam and Chuuk, Pohnpei and Kosrae and Western Pacific Shipping for service between Guam and Yap and Palau.
Horizon Lines Announces Organization Changes
Charles G. Raymond, Chairman, President and Chief Executive Officer of Horizon Lines, Inc. said several organization changes, key executive promotions and a realignment of senior management responsibilities. Effective September 1, 2007, Horizon Lines, Inc. is structuring its transportation and logistics operations under two wholly owned subsidiaries, Horizon Lines, LLC, and Horizon Logistics, LLC. Horizon Lines, LLC will continue as the nation's leading Jones Act container shipping company, with a fleet of 21 U.S.-flag vessels and service routes linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico.
SFL Sells its Holding in 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…
Horizon Lines Names President
Horizon Lines, Inc. one of the nation's leading domestic ocean shipping companies, announce that Sam Woodward has joined the company as President and Chief Executive Officer (CEO) and has been appointed to the company's Board of Directors, effective June 7, 2012. Mr. Woodward succeeds Stephen H. Fraser, who has served as interim President and CEO since March 2011. Mr. Woodward, 63, joins Horizon Lines from Traffic Tech Inc., an international freight forwarder, where he held several executive leadership roles.
Container Shipping Line Wins Service & Reliability Award
Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been awarded the "2011 Platinum Carrier Award" by home improvement retailer Lowe's Companies Inc. Horizon Lines is the only Jones Act ocean carrier to receive a 2011 award from Lowe's for domestic ocean transportation service. The 2011 award marks the sixth consecutive year that Horizon Lines has received Lowe's Platinum Carrier Award, and the 11th consecutive year that Horizon Lines has been honored with a Lowe's award for providing consistently superior service.
Horizon Line to Launch U.S. Inland Express Service
Horizon Lines, Inc. (NYSE: HRZ), aleading U.S. domestic ocean shipping and integrated logistics company, announced it will launch express intermodal container service to key inland U.S. cities when it begins the new Five Star Express (FSX) trans-Pacific liner service in December. The maiden FSX voyage is scheduled to depart Ningbo, China, on December 14, 2010, Shanghai on December 15, and arrive in Los Angeles on December 26. Approximately 60% of the initial voyage is already subscribed, as the company continues to make steady progress toward its goal of 75% bookings for the first sailing. "As other carriers reduce service locations and slow service speeds, U.S.
Horizon Lines Reaches Agreement with CSX
CHARLOTTE, NC, May 2, 2011 – Horizon Lines, Inc. (NYSE: HRZ) today announced that it has finalized an agreement with CSX Corporation to reduce charter payments on three vessels leased from CSX. Under the agreement, charter hire expense has been reduced by $3 million annually, retroactive to January 2011, through the January 2015 expiration of the charter. The agreement represents a total savings of $12 million for Horizon Lines over the remaining life of the charter. The three chartered vessels…
Horizon Lines Experiences Minimal Disruptions from Earthquakes
Horizon Lines reported that the earthquake measuring magnitude 6.6, and several strong aftershocks including one measuring magnitude 5.8, that struck the Big Island of Hawaii on Sunday morning has not significantly impacted its operations. Inspections conducted Sunday found all cranes fully operational and minimal impacts to the Port of Honolulu. Power was restored late Sunday and a Horizon Lines vessel, the Horizon Pacific, made its normally scheduled port call and was successfully worked last night.
Horizon Lines Develops Asia Liner Service
Horizon Lines, Inc. (NYSE: HRZ), domestic ocean shipping and integrated logistics company, announced it has secured two important agreements in the ongoing development of its new Asia liner service. Horizon Lines has appointed Hon Wing Lam as its Owner's Representative and Ben Line Agencies as its General Agent to support the company's ongoing sales and operations in Shanghai and Ningbo. As Horizon Lines Owner's Representative, Lam brings more than 30 years of ocean transportation experience and spent the past 13 years working in China. Prior to joining Horizon Lines, Lam worked for several leading ocean carriers where, among other things, he managed shipping and logistics in the China trade. Ben Line Agencies is Asia's leading privately-owned shipping services company.
Horizon Lines Issues Statement on Antitrust Investigation
Horizon Lines, Inc has confirmed federal agents served search warrants and a grand jury subpoena relating to an investigation of pricing practices of ocean carriers operating in the trade. Horizon Lines is cooperating fully with the government officials. The company has not been informed of the specific subject matter of the inquiry, being conducted by the U.S. Department of Justice's Antitrust Division. Horizon Lines does not expect the government inquiry to impact the service levels provided to its customers.
Horizon Lines Announces Senior Management Promotions
Horizon Lines, Inc., announced several key promotions and realignments of senior management responsibilities. John W. Handy is joining Horizon Lines as Executive Vice President. Reporting to him will be John Keenan, Senior Vice President and Chief Transportation Officer, Ken Privratsky, Vice President and General Manager, Alaska, Gabriel Serra, Vice President and General Manager, Puerto Rico, and Mar Labrador in his new position as Vice President and General Manager, Hawaii/Guam. Handy's major responsibilities will be the continued enhancement of trade lane profitability and system service integrity, the leadership of strategic business development and the further development of the Company's management team as the next generation of leadership.
Horizon Lines Extends Maersk Agreements
Horizon Lines Extends Commercial and Operating Agreements With AP Moller Maersk Group Shipping and logistics company Horizon Lines Inc. said Monday it renewed and extended commercial and operating agreements with Denmark's AP Moller Maersk Group through 2010. Financial terms of the deals were not disclosed. The agreements include cargo space charters, terminal services, equipment sharing, and sales agency services, which had been set to expire in 2007. source: AP
Horizon Hawk Enters Service
The Horizon Hawk, a new 2,824 TEU containership in the Horizon Lines, Inc. fleet, made her maiden call today at Tacoma, launching the carrier's enhanced Transpacific-1 (TP1) service between Mainland US, Guam, Micronesia and Asia. The Horizon Hawk is the first of the five Hunter class vessels entering service this year for Horizon Lines, the leading American domestic ocean carrier. All five are of proven international design, have a service speed of over 23 knots and are U.S.-flag, foreign built vessels that Horizon Lines is chartering from subsidiaries of Ship Finance International Limited under definitive long-term charters and related agreements.
Horizon Enters into OSHA Partnership
Horizon Lines of Puerto Rico, Inc., a subsidiary of Horizon Lines, Inc., participated in a signing ceremony of its Maritime Industry Safety Partnership Agreement with the International Longshoremen's Association (ILA) Local 1575 and the Occupational Safety and Health Administration. This agreement marks the second time Horizon Lines has taken a leadership position nationwide with a safety program of this nature. In 2002, the company became the first ocean carrier and marine terminal operator in the U.S. to sign an OSHA Strategic Partnership. This most recent activity allows Horizon Lines to make history by signing the newest partnership agreement that will focus on the health and safety of its labor force. The ceremony took place today at ILA Local 1575 Offices in San Juan.
Horizon Lines Awarded Platinum Carrier
Horizon Lines, Inc. (NYSE:HRZ), domestic ocean shipping and integrated logistics company, has been awarded the 2008 Platinum Carrier Award by home improvement retailer Lowe's Companies Inc., based in Mooresville, N.C. Lowe's presented the Platinum Carrier Award, the company's highest honor for transportation providers, to Horizon Lines for providing 100% on-time service. Scott W. Fernandez, Vice President, Coastwise Shipping and General Manager, Eastern Region Sales accepted on behalf of the carrier. This recognition marks the third consecutive year Horizon Lines has received the Platinum Carrier Award. Each year since 2001, Horizon Lines has earned Lowe's Outstanding Ocean Service Provider Award for service in the U.S. domestic ocean trades to Alaska and Hawaii.
Horizon Lines Presented Award
Horizon Lines Inc.received Toyota Logistics Excellence Award for Quality in Export Marine for its outstanding quality performance. Specifically noted by Toyota Logistics was Horizon's proficiency in the design and execution of its damage prevention program which delivered an over 70% reduction in damage incidents. Horizon Lines provides container loading and ocean transport services for Toyota's vehicles between the continental U.S. and Hawaii. March 28th were Brian Taylor, Senior Vice President, Sales and Marketing and Charles W. Brown III, General Manager, Western Region Sales for Horizon Lines. Chief Coordinating Officer of Toyota Motor Sales U.S.A.…
Horizon Lines to 4Q Earnings Release Call
Horizon Lines, Inc. 2008. Internet, beginning at 11:00 a.m., Eastern Time, that day. during the quarter. call: Charles G. John V. Keenan, President, Horizon Lines, LLC, Brian W. Horizon Logistics, LLC, M. Financial Officer, and John W. Handy, Executive Vice President.
Horizon Lines Acquires Aero Logistics
logistics provider (3PL) headquartered in South San Francisco, CA. of the acquisition were not disclosed. high-tech, healthcare, energy, mining, retail and apparel. Transportation division. Horizon Lines, Inc. business. shipping services between the U.S. Puerto Rico.
Green Initiative Progress Report by US Ship Operator
A report (available at www.horizonlines.com) presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives Program" has been release by Horizon Line.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport. Initiatives taken up by Horizon Lines include vessel management controls, low sulfur diesel fuel usage, and marine terminal pollution mitigation planning.
Horizon Lines Participates in Anti-Piracy Testing
Horizon Lines, Inc., (NYSE:HRZ) , the nation's leading domestic ocean shipping and integrated logistics company, recently participated in two separate anti-piracy system trials in an effort to better protect the lives of merchant mariners. In late July, International Maritime Security Network, LLC (IMSN) conducted safety drills and anti-piracy testing aboard the Horizon Crusader, while the ship docked in Orange, Texas. IMSN completed a test of the 'Triton Shield APS' system of deterrence and training. Included in the system drill were deterrent measures for approaching vessels, physical deterrents for potential unlawful boarders, security and fortification for the crew, and mitigating risk of penetration of the safe area. Training and education of key stakeholders was also conducted.