Horizon Lines loses NYSE listing
U.S.-flag containership operator Horizon Lines, Inc. sats that its common stock will begin trading on the OTCQB marketplace. Investors will be able to view the Real Time Level II stock quote, which
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Explosives-laden barge refloated after grounding in Rosario Strait
A container barge carrying thousands of pounds of Navy munitions was refloated today after it ran aground five miles southwest of Anacortes, Wash., in the Rosario Strait, on Monday. The mishap occurred
Horizon Lines completes refinancing of capital structure
U.S.-flag containership operator Horizon Lines, Inc. (NYSE:HRZ) says it has completed a comprehensive refinancing of its entire capital structure that will give the company “adequate liquidity to fund continuing operations and the
FMC to probe role of HMT in diverting U.S. cargo to Canada and Mexico
Federal Maritime Commission Chairman Richard A. Lidinsky, Jr. says Canadian and Mexican ports are free to compete with U.S. ports for U.S. cargo, but “they should do so on a playing field
Ultrapetrol reports new contracts
Ultrapetrol (Bahamas) Limited reports that it has entered into contracts with a new customer, a first class international company, to transport 400,000 tons of iron ore per year over a period of
First VLCC order for ultra long stroke MAN Diesel & Turbo G-type
First VLCC Order with the New G-Type Engine Greek ship management company Almi Tankers S.A. is set to establish itself as a market front runner with the new ultra long stroke G-type
California Maritime students receive Thomas B. Crowley Sr. Memorial scholarships
Crowley Maritime Corporation this week awarded three California Maritime Academy (CMA) students with Thomas B. Crowley Sr. Memorial scholarships during the Containerization and Intermodal Institute’s Connie Awards presentation in Long Beach, Calif.
Cosco Busan owners and operators to pay $44.4 million civil settlement
Federal, state and Bay-area officials yesterday announced a comprehensive civil settlement with the owners and operators of M/V Cosco Busan, resolving all natural resource damages, penalties and response costs that resulted from
Navy christens first Joint High Speed Vessel
USNS Spearhead, the first of the U.S. Navy’s joint high-speed vessels designed for rapid intra-theater transport of troops and military equipment, was christened September 17, 2011 during a ceremony at shipbuilder Austal
NCSA exercises options for two RoCons for U.S. East Coast service
The National Shipping Company of Saudi Arabia (NSCSA) has exercised its option to build a further two Roll-On/Roll-Off-Container (Ro-Con) ships with shipbbuilder Hyundai MIPO of South Korea. NSCSA signed a shipbuilding agreement