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Horizon Lines

Horizon Lines Names President

Sam Woodward: Photo credit Horizon Lines

Horizon Lines names Sam Woodward President & Chief Executive Officer at recent annual stockholder meeting 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.  "We are delighted that Sam has chosen to join Horizon Lines as President and CEO," said Jeffrey A. Brodsky, Chairman of the Board of Directors. "Sam brings extensive transportation and logistics experience, and is known for his leadership abilities as a business strategist focused on operational transformation and excellence.  He has a strong track record of success in a career that has spanned multiple companies over more than 30 years. Sam's proven leadership abilities will be an asset to management and the Board, as Horizon Lines moves forward in the years ahead.


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


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.


Horizon Lines Wins RRF Contract

The U.S. Department of Transportation Maritime Administration (MarAd) announced Horizon Lines, LLC has been awarded a contract for ship management services for two of its Ready Reserve Force vessels. The Ready Reserve program operates cargo vessels to help supply U.S. military forces deployed in a combat theater. The Ocean Transportation Services (OTS) group of Horizon Lines operates the company's 16 commercial cargo container ships serving markets between the U.S


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


Horizon Lines Terminating Puerto Rico Operations

Horizon Lines announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Sea-Land Service, Inc. ("Sea-Land") pioneered the marine container shipping industry and established Horizon Lines' business on April 26, 1956, when the vessel Ideal-X sailed from Newark, New Jersey to Houston, Texas.  Sea-Land introduced container shipping to the Puerto Rico market in


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


Horizon Lines Signs to Purchase Hawaii Stevedores

Horizon Lines Inc., a container shipping and integrated logistics company, signed a letter of intent to purchase Honolulu-based Hawaii Stevedores Inc., a provider of marine terminal services. Financial terms were not disclosed. The acquisition is subject to the completion of a due diligence process. The company plans to maintain all Hawaii Stevedores' contracts for stevedoring, or loading and unloading ships, as well as its existing labor contracts. Source: AP


Horizon Lines’ Crew Commended by Congress

Stressing that "ordinary people can do extraordinary good if given a chance," U. S. Representative Virginia Foxx, R-N.C., on the floor of the U. S. Congress recently commended the bravery of the crew of the Horizon Falcon containership operated by Horizon Lines, Inc. Rep. Foxx was speaking about the dramatic rescue this summer of Chinese seafarers in Asian seas performed by the American crew of the Horizon Falcon, a 722-foot containership.


Horizon Says Company will Work on Debt

Charles G. (Chuck) Raymond, CEO and President of Horizon Lines Inc., said in an interview that the carrier, which completed a initial public offering (IPO) last September, “will generate significant free cash going forward and that will enable us to pay down debt and grow.” Mr. Raymond added that the anticipated acquisitions “will not be small deals.” Since going public at $10 a share on September 27, Horizon’s (HRZ) stock has increased as much as 30 per cent and


Matson To Acquire Horizon's Alaska Operations

The transaction has the value of $0.72 Per Common Share Plus Repayment of Debt; acquisition Accretive to Matson's Earnings and Cash Flow. Separately Horizon to Sell Hawaii Operations to Pasha and Terminate Puerto Rico Operations. A Matson Investor Conference Call has been acheduled for 5:00 PM


W&O’s Emerson Elected Propeller Club VP

Tammy Emerson

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation, and engineered solutions, announced that Senior Account Executive Tammy Emerson has been elected as vice president of programs of the Jacksonville Propeller Club


Horizon Lines Continue to Improve Performance in Q4 2013

Photo courtesy of Horizon Lines

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


Two Ocean Shipping Companies to Pay $3.4M

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Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today


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


Horizon Lines Plan Diesel/LNG Engine Fuel Conversions

Horizon Lines Ship: Photo courtesy of Horizon Lines

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


Horizon Names Hamlin EVP & COO

Bill Hamlin, Executive Vice President And Chief Operating Officer.

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


Horizon Lines To Expand Gulf Service

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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


Horizon Lines in Red, But EBITDA Rises in Q1 2013

Horizon Lines Ship: Photo courtesy of Horizon Lines

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. Sam Woodward, Horizon Lines' President and Chief Executive Officer said: "The positive factors resulting in adjusted EBITDA growth were


Horizon Lines Prefer Philadelphia Terminal to Elizabeth NJ

Horizon Alliance: Photo credit Horizon Lines

Horizon Lines, Inc announce it will move its northeast terminal operations to Philadelphia, Pennsylvania, from Elizabeth, New Jersey, effective April 11, 2013. After an extensive review of options and a detailed evaluation of other ports connecting the northeast to Puerto Rico


Horizon Lines Win Environmental Stewardship Awards

Horizon Reliance: Photo credit Horizon Lines

US Company honored by Chamber of Shipping of America & Supply & Demand Chain Executive Magazine. Horizon Lines was recognized for outstanding achievement in environmental excellence by the CSA at a recent ceremony in Washington, D.C


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. Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results: "Horizon Lines generated a 3.4% improvement in container volume and a 2


Horizon Lines Nets Quality, Service Awards

Horizon Lines receives top honors in 'Quest for Quality' award, ranked first by customers for outstanding service.  Horizon Lines, Inc., one of the nation's leading domestic ocean shipping companies, has been honored for the fourth consecutive year with Logistics Management magazine's annual


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


A Shipowner Yielding Good Returns

SFI Tankship: Photo credit SFI

Bermuda/Oslo based shipowners Ship Finance International (SFL) is still expanding its fleet and rewarding shareholders with a huge yield Ship Finance International Limited is a major vessel owning company listed on the New York Stock Exchange






 
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