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Horizon Lines recently issued the following statement from its interim President and CEO Stephen H. Fraser, opposing any changes to the 1920 Jones Act that imposes restrictions on shipping between U.S. Ports. Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements. The Jones Act [...]  The Port of Los Angeles has become the first US port to adopt an international clean air program that rewards ocean carriers for bringing their newest and cleanest vessels to the port. The Environmental Ship Index (ESI) program, will take effect from the start of July following the formal approval of the Los Angeles Board [...] Plans for a coal export facility would use barges to bring coal up the Columbia River and promise $400 million in economic impact. [The Ambre project] would bring another $300 million in economic activity once it begins operating at full capacity, delivering 8.8 million tons of coal per year from the Powder River Basin in [...] U.S.-flag containership operator Horizon Lines, Inc. has reported financial results for the fiscal first quarter ended March 25, 2012 and revealed that it will be drydocking three of its vessels in Asia. The decision has been taken against a backdrop of a continuing operating loss. Still, it is likely to be viewed with concern by [...] Though several carriers have reported first quarter losses, there’s better news for others: With Horizon Lines dropping out of the shipping trade on Guam, Matson Navigation Co. reported an $8.1 million operating profit for the first quarter of this year — compared to $5.4 million in a similar quarter last year. Matson transported 6,400 containers [...] Maersk Line slumped to a $599 million operating loss in the first quarter from a $424 million profit a year earlier as collapsing freight rates on the key Asia-Europe route outweighed double-digit growth in container volume. But Danish parent A.P. Moller-Maersk upgraded its 2012 forecast for the carrier to “negative up to neutral” from a [...]
Analysts say a combination of Marubeni and Gavilon makes sense commercially, with Gavilon’s presence in the central Plains and Midwest fitting in well with Marubeni’s PNW channels, including Columbia Grain at Terminal 5 in Portland. Unlike 34 years ago, when Marubeni bought a Portland export elevator to improve its ability to supply Japan, its Gavilon [...] New Zealand’s government has announced that foreign charter fishing vessels working in New Zealand waters will have to be reflagged under the national flag over a four-year transition period. The move is “welcome, right and overdue. Scandal has followed scandal in this area in recent years, including grave instances of crew abuse. We congratulate MUNZ [...] |
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