Pasha Hawai’i Transport Lines, LLC, has now entered the container shipping business. The company says Pashas ship, the MV Jean Anne, has been modified to ship [...]
Horizon Lines, Inc. (OTCQB: HRZL) has announced 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.
The Jacksonville Port Authority has turned down a proposal by an international shipping firm seeking to lease 100 acres at Blount Island for a cargo terminal that would have been one of the port’s biggest.
Gulftainer Co. Ltd. also said it would spend around $250 million in Jacksonville if it built a terminal here, according [...]
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 [...]
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 [...]
Horizon Lines issued the following statement 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 stipulates that cargo shipped between two U.S. ports must be [...]
The transpacific trade, like most of the world’s major ocean shipping routes, is dominated by huge foreign carriers that are large enough to roll with tough times. The three biggest — APM Maersk of Copenhagen, Geneva-based Mediterranean Shipping Co. and Marseille-based CMA-CGM — each has a fleet larger than that of the U.S. Navy.
Grand China Shipping has become the latest niche carrier to suspend a trans-Pacific service because of deteriorating conditions in the U.S. import trade from China.
Niche carriers operate small vessels of about 3,000-TEU capacity, or less than half the capacity of most vessels in the trade. The routes were between China and Los Angeles-Long Beach.
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