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.
Horizon Lines Report Container Volume, Revenue, Up in Q3 2012
Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago. "Horizon Lines generated a 3.4% improvement in container volume and a 2.9% increase in container revenue, net of fuel surcharges, for the third quarter, relative to the same period a year ago," said Sam Woodward, President and Chief Executive Officer. "Volume increases in Hawaii and Alaska offset volume weakness in Puerto Rico. However, third-quarter adjusted EBITDA of $27.0 million declined by $6.0 million from a year ago, largely due to $4.6 million of incremental transit and crew costs associated with dry-docking three Puerto Rico vessels in China.
Horizon Lines Report Container Volumes Up in Q2 2012
Horizon Lines reports second-quarter 2012 financial results: container volume improves 3.6% from a year ago. Sam Woodward, President and Chief Executive Officer said "Our overall adjusted EBITDA performance for the quarter was better than expected, due largely to the volume gain, which in turn improved the recovery of fuel costs. "Looking at each trade lane, Hawaii experienced continued strong volume gains during the quarter, helped in part by improving tourism and ongoing customer support amid an otherwise sluggish business environment," Mr. Woodward said. "Alaska's business rebounded from the first quarter, when record cold and snowfall exacerbated and extended the typically slow winter season.
Horizon Lines in Red, But EBITDA Rises in Q1 2013
First quarter 2013 net loss amounted to US$ 20.1 million, while rate, net of fuel, increased 1.9% & adjusted EBITDA was up 25.7% from a year ago. "The positive factors resulting in adjusted EBITDA growth were partially offset by reduced container volume, higher stock-based compensation expense, mechanical issues on one of our vessels and increased vessel operating expenses. "In recent months, we have taken steps to improve the competitiveness of our Puerto Rico service by reducing sailings between Jacksonville and San Juan to once a week and moving our northeast service to Philadelphia," Mr.
Governor Welcomes Horizon Lines to Philadelphia
Horizon Lines relocated its Northeast port of call from Elizabeth, New Jersey to Philadelphia, to mark another milestone for the Port of Philadelphia. Led by Governor Tom Corbett and political and business leaders from across the region, the Packer Avenue Marine Terminal welcomed Horizon Lines, Inc., one of the nation's premier containerized cargo shipping lines, to Philadelphia. Under terms of the agreement between Horizon and Packer, reached with the assistance of Governor Corbett and other Commonwealth officials, Horizon will call Packer 52 times a year, providing weekly service between the Northeast U.S. and San Juan, Puerto Rico.
Horizon Lines Continue to Improve Performance in Q4 2013
Horizon Lines has released its fourth-quarter 2013 financial results showing an adjusted EBITDA increase of 33.1%, which is its 4th consecutive quarter of double-digit Improvement . "Horizon Lines fourth-quarter adjusted EBITDA increased 33.1% over the same period a year ago and the company generated GAAP operating income of $1.8 million in the quarter, the first fourth-quarter GAAP operating profit since 2009. The improvement in adjusted EBITDA was driven largely by reduced vessel charter expense…
Horizon Names Hamlin EVP & COO
Horizon Lines, Inc. has announced that William A. Hamlin has been named Executive Vice President and Chief Operating Officer. In his new role, Mr. Hamlin will continue to report to Sam Woodward, President and Chief Executive Officer. Mr. Hamlin joined Horizon Lines in March 2011 as Senior Vice President of Operations. His responsibilities include ocean transportation services, inland transportation, terminals, equipment management, maintenance, network management, labor relations, security, safety and environmental.
Horizon Lines To Expand Gulf Service
Horizon Lines announced that it will expand its Gulf service to offer shippers a Tuesday sailing every other week from Jacksonville to San Juan. Adding the Jacksonville call also creates a high-speed, over-the-weekend marine option through Houston for cargo bound for southeastern destinations along the Eastern Seaboard. The company's weekly Thursday service departing Jacksonville for Puerto Rico remains unchanged. "This is an innovative schedule refinement that utilizes an existing in-service vessel to add a biweekly Tuesday Jacksonville service, as well as provide both U.S.
Horizon Lines Plan Diesel/LNG Engine Fuel Conversions
Horizon Lines plans to convert the power plants on two of its steam turbine cargo vessels to modern diesel engines capable of burning conventional liquid fuels or liquefied natural gas (LNG). "We are viewing this as the first step in a repowering initiative for Horizon Lines vessels serving in the Hawaii and Puerto Rico trade lanes," said Sam Woodward, President and Chief Executive Officer. "The two initial steam vessels targeted for the planned repowering are structurally viable for the conversion from steam-powered to dual diesel/LNG engines.
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Horizon Lines Report Q1 2014 Container Volume Increase
Horizon Lines, Inc. has released its financial results for the fiscal first quarter ended March 23, 2014. Volume, Rate & Fuel Cost – Container volume for the 2014 first quarter totaled 55,223 revenue loads, up 7.6% from 51,321 loads for the same period a year ago. The increase was primarily due to improved volumes in our Hawaii and Puerto Rico markets, partially offset by a decline in volumes in our Alaska market. Unit revenue per container totaled $4,197 in the 2014 first quarter, compared with $4,363 a year ago.
Britain's 'Fighting Admiral' Laid to Rest
Tributes have been paid to SirJohn 'Sandy' Woodward, who has died aged 81. "He served his country with distinction throughout his career, but he will be best remembered by many as the Navy’s 'Fighting Admiral' after he led the Royal Navy task force, sent by Margaret Thatcher [her government], to re-take the Falkland Islands in 1982" – Secretary of State for Defence, Philip Hammond. "Admiral Sir ‘Sandy’ Woodward will always be remembered for his powerful and clear command of the Royal Navy task force that re-took the Falkland Islands in 1982.
GCS Offers Continuing Ed Credit
As an education partner of the Institute of Electrical and Electronics Engineers (IEEE), Governor Control Systems (GCS) is authorized by the International Association for Continuing Education and Training (IACET) to offer CEU credits for the Woodward Training Program. Approximately 42 states require engineers to earn CEUs to maintain their Professional Engineer (P.E.) licenses. The IACET CEU is the hallmark for quality in continuing education and training. IEEE is also an Authorized Provider for the Florida State Board. Governor Control Systems is the #1 Woodward distributor in North America.
L-3 SAM Electronics Promotes Managing Directors
L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Groth and Stoevhase report to Ulrich Weinreuter, president of L-3 MSI. Having worked in the maritime industry for more than 24 years, Groth joined L-3 SAM Electronics in 2006 as managing director of its STN Schiffselektrik subsidiary before he took over SAM’s Integrated Systems business in 2009.
New Watch Alarm Systems from SAM Electronics
Hamburg-based SAM Electronics, an L-3 company, has launched a new series of Bridge Navigational Watch Alarm Systems (BNWAS) designed for simple installation aboard both new and existing vessels of any type or size in accordance with IMO carriage regulations due to become effective from this July onwards. Type-approved by major international classification societies such as ABS, GL, Class NK and RINA, the advanced alarm and monitoring series ensures enhanced safe vessel operation via continuous surveillance of bridge activities…
Senior L-3 European Appointments
L-3 Marine & Power Systems Group, whose members include SAM Electronics, has appointed Klaus Lorenz as Vice-President of its European Operations. Reporting to Steve Kantor, President of the $1.3b Group, he will be responsible for all its activities throughout Europe, including business development as well as customer and inter-divisional relationships. Formerly President of SAM Electronics, which was acquired by L-3 in 2006, Mr Lorenz has been associated with the marine industry for over 35 years, having also held senior management posts with ABB.
Major Chinese Order for SAM Electronics
Hamburg-based SAM Electronics, in association with its Chinese subsidiary, SAM Taihang Electronics, has been awarded a contract to supply and install NACOS 54-5 integrated navigation command systems featuring radar-controlled trackpilots, Ecdis and other sensors aboard ten 31,000-dwt multi-purpose heavy lift vessels under construction by Huanghai Shipbuilding of Rongcheng for delivery to Columbia Shipmanagement between 2009 and 2012. Under the contract for ships that will be operated by Austral Asia Line (AAL) on its South East Asia and Australasian routes, SAM Electronics will additionally supply compass systems as well as GMDSS and satellite communications equipment together with associated consoles.
LyngsÃ¸ Marine Awarded Contract
LyngsÃ¸ Marine of HÃ¸rsholm, Denmark, a subsidiary of SAM Electronics, has been awarded a contract for supply of integrated automation packages for installation aboard a series of 14 54,000 dwt bulk carriers under construction at Hanoi-based Vinashin Groupâ€™s Dung Quat and Ha Long yards for delivery to its own shipping line between 2008 and 2010. Each vessel package comprises complementary MCS 2200 integrated monitoring and control and PCS 2200 propulsion control systems together with newly-developed EGS 2200 electronic governors for main engine control. The systems, which will be mounted in purpose-designed engine room consoles, all feature open architecture as well as standardized hardware and software modules.
Horizon Lines Continue to Improve Financial Performance in Q2 2013
Horizon Lines, Inc. reported financial results for the fiscal second quarter ended June 23, 2013 with an almost doubled EBITDA from the same period last year. "Horizon Lines second-quarter adjusted EBITDA nearly doubled from the same period a year ago, driven largely by reduced vessel charter expense, lower dry-dock transit and crew-related expenses, lower fuel consumption, higher non-transportation revenue, reduced overhead and gains on the sale of assets," said Sam Woodward, President and Chief Executive Officer. "The positive factors driving adjusted EBITDA growth were partially offset by reduced container volume and increased vessel operating expenses.
ETC Extends Training Program to SAM Electronics
ETC announce that it has now partnered with SAM Electronics to provide ECDIS training for the CHARTPILOT and ECDISPILOT, complementing SAM’s successful cooperation with Safebridge for online training, and thereby expanding SAM’s ECDIS training capabilities. ETC, the ECDIS Training Consortium, is a joint venture of training partners working under the patronage and control of MSG MarineServe GmbH, a sister company of Safebridge, to deliver courses that implement the identical ECDIS training program, adhere to consistent quality standards and are audited externally on a regular basis. ETC will use its established worldwide network to provide conventional, face-to-face, ECDIS training to meet local needs and improve the service to its global customer base.
SAM Taihang to Equip Brazilian Tankers
SAM Taihang Electronics, SAM Electronics’ Chinese subsidiary in Taizhou, Jiangsu Province, has been awarded a contract for the supply of comprehensive automation and electrical systems to be installed on four 48,300 dwt product tankers being built at the Estaleiro Maua Petro-Um yard in Rio de Janeiro for Transpetro, the logistics and transportation arm of the Brazilian state oil company, Petrobas. Due for delivery in 2010-11, the vessels form part of Transpetro’s major fleet renewal programme involving construction of over 40 newbuildings, Promef. Systems commissioned for each ship comprise a 15-panel 440V/230V main switchboard with integral power management system GPM 500 and diesel protection functions…
BMT Engineer Competes in Sky1 TV Challenge
Naval Architect Sam Stevens, from BMT Nigel Gee Ltd, a subsidiary of BMT Group Ltd an international maritime design, engineering and risk management consultancy recently undertook one of the biggest engineering challenges of his career to date. Sam was part of a team of four competing in the Sky1 premiere of SAFEBREAKERS, a brand new series produced by Maverick TV, hosted by Ben Shephard. Sam and his team were tasked with building an amphibious car from scratch, with a budget of £1000.
L-3 SAM Electronics Equips Vidar Heavy-Lift Jack-Up
L-3 SAM Electronics announced today that it has completed the supply and installation of extensive drive equipment, as well as automation, navigation and positioning systems, on board the Heavy-Lift Jack-Up Vessel (HLJV) Vidar, which is operated by HOCHTIEF Infrastructure GmbH for construction and service support of offshore wind farms. The Vidar is the latest in a series of recently completed offshore turnkey projects undertaken by L-3 SAM Electronics on behalf of leading operators in the world’s offshore industry.