Search results for: Horizon Lines

76054 results

A list of search results

  • 31 May 2015
    Business & Finance

    The US ocean cargo carrier Horizon Lines has completed the previously announced sales of its Alaska operations to Matson Inc. for USD 469 million, and its Hawaii trade lane assets to The Pasha Group for USD 141.5 million.    Matson acquired the stock of Horizon for USD 0.72 per fully diluted common share, or USD 69 million, and repaid […]

  • 29 July 2015
    Business & Finance

    U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ Alaska services. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition. Equipment upgrades to be made over the next three months […]

  • 29 July 2015
    Business & Finance

    U. S. carrier Matson, Inc. is pushing ahead with its plans to fund improvements in its new Alaska operations following its acquisition of Horizon Lines’ Alaska services. Matson has earmarked more than USD 30 million to invest in new equipment planned by Horizon prior to its acquisition. Equipment upgrades to be made over the next three months […]

  • 17 November 2014
    Business & Finance

    New York-based national securities firm Faruqi & Faruqi said it is investigating the Board of Directors of Horizon Lines, Inc., for potential breaches of fiduciary duties in connection with the sale of the company to Matson, Inc. Juan E. Monteverde, a partner at Faruqi & Faruqi, will focus the investigation on whether Horizon’s Board of […]

  • 5 November 2015
    Business & Finance

    U.S. carrier and container terminal operator Matson, Inc. reported a net income of USD 41.5 million for the third quarter of 2015, an increase of 93% compared to the same period last year. “Third quarter results were strong, led by continued high demand for our expedited China service, a full quarter of our new Alaska business, volume improvements […]

  • 24 October 2014
    Business & Finance

    U.S. domestic ocean carrier Horizon Lines’ third-quarter adjusted EBITDA increased 12.6% from the same period a year ago, according to Steve Rubin, Horizon Lines President and Chief Executive Officer. This was primarily driven by lower claims-related expense, higher volume, and lower fuel and labor costs associated with vessel dry-docking, Rubin said. “The positive factors driving […]

  • 12 November 2014
    Business & Finance

    The U.S. ocean cargo carrier Horizon Lines has entered into definitive agreements for a series of transactions that will result in the sale of the entire company, the first being the sale of its Hawaii business to The Pasha Group, followed by Horizon Lines’ subsequent acquisition by Matson, Inc. Horizon Lines will also cease providing […]

  • 10 April 2012
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to terminate chartering agreements with Horizon Lines, LLC (“Horizon Lines”) 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 […]

  • 23 April 2015
    Business & Finance

    The U.S. Department of Justice (DOJ) has cleared the Pasha Group’s acquisition of the Hawaii trade-lane business of Horizon Lines, Inc. (Horizon). The Pasha Group said that the clearance paves the way for an anticipated final closing before the end of the second quarter. U.S. ocean cargo carrier Horizon entered into definitive agreement for the […]

  • 29 May 2008

    CHARLOTTE, North Carolina, May 28, 2008 – Horizon Lines, Inc. (NYSE: HRZ) announced today that it has placed six employees involved in the Puerto Rico trade lane on administrative leave as a result of management’s review of issues raised by the Department of Justice investigation of pricing practices of certain domestic ocean carriers. Two of […]

  • 5 April 2012
    Business & Finance

    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 […]

  • 8 August 2008

    SAN JUAN, Puerto Rico, August 6, 2008 – Horizon Lines, Inc., (NYSE:HRZ), the nation’s leading domestic ocean shipping and integrated logistics company, yesterday celebrated 50 years of service in Puerto Rico at an event for customers, vendors, labor leaders, government officials and staff held at the company’s San Juan marine terminal. Speakers at the ceremony […]

  • 20 March 2006

    American carrier Horizon Lines, Inc. announced today it reached an agreement in principle to charter five new U.S. flag, foreign built vessels for 12 year terms from Ship Finance International Limited.

  • 12 March 2015
    Business & Finance

    US cargo liner Horizon Lines has sold its San Juan, Puerto Rico container terminal assets and assigned its lease with the Puerto Rico Ports Authority to Luis Ayala Colon Sucrs. The companies entered and executed the Asset Purchase Agreement effective March 11, 2015. The Agreement follows Horizon Lines’ announcement on November 11, 2014 to cease providing […]

  • 16 February 2015
    Business & Finance

    US shipping company Horizon Lines has agreed to settle on the consolidated putative class action complaint pending in the Delaware Court of Chancery regarding its proposed merger with Matson Navigation. Under the settlement deal, which is subject to court approval, Horizon agreed to make certain supplemental disclosures to its stockholders through a supplement to Horizon’s proxy statement. Further, Horizon […]

  • 17 June 2011
    Business & Finance

      Horizon Lines, Inc., the nation’s leading domestic ocean shipping company, today announced that Ali Behruz Nikkhoo has been named Vice President and General Manager, Hawaii, for the company’s Horizon Lines, LLC operating subsidiary. Mr. Nikkhoo, a seasoned veteran with three decades of experience, will report to Brian Taylor, Executive Vice President, Chief Operating Officer […]

  • 31 July 2014
    Business & Finance

    Horizon Lines second-quarter adjusted EBITDA increased 7.4% from the same period a year ago, driven primarily by higher revenue container volumes and improved fuel recovery, according to Steve Rubin, Interim President and Chief Executive Officer.   “An 8.3% improvement in operating revenue versus the second quarter of 2013 was generated largely by a 10.8% revenue […]

  • 15 September 2011
    Business & Finance

      Horizon Lines, Inc., has been awarded the 2011 Quest for Quality Award from Logistics Management magazine and named a top Green Supply Chain Partner from Inbound Logistics magazine. For nearly three decades, Logistics Management’s Quest for Quality award has been regarded in the transportation and logistics industry as one of the most reputable measures […]

  • 17 August 2011
    Business & Finance

      Horizon Lines, Inc., the nation’s leading domestic ocean shipping company, announces that Alherd Kazura has been appointed to the new position of Vice President of International Services. Mr. Kazura will report to Brian Taylor, Executive Vice President, Chief Operating Officer and Chief Commercial Officer of Horizon Lines, Inc. Mr. Kazura was previously Vice President […]

  • 7 March 2012
    Business & Finance

    Horizon Lines, Inc., today issued a report presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport. “Ensuring sustained environmental protection has always been a mission at Horizon Lines,” said Stephen H. Fraser, President and Chief […]

  • 23 June 2011
    Business & Finance

      Horizon Lines, Inc. America’s leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and the United States Coast Guard (USCG) for its record of safety and stewardship. CSA presented Horizon Lines with the Jones F. Devlin Awards for safety at the Chamber’s recent Annual Ship Safety Awards […]

  • 30 January 2012
    Business & Finance

    Horizon Lines, Inc. announced that its Horizon Lines, LLC operating subsidiary has entered into an agreement with the U.S. Department of Justice, under which the ocean cargo carrier will plead guilty to two counts of providing federal authorities with false vessel oil record-keeping entries on a containership in the U.S. West Coast-Hawaii service. Under the […]