German travel group TUI AG is set to further reduce its stake in containership operator Hapag-Lloyd. Currently TUI owns 38.4 percent of Hapag Lloyd, while 61.6 percent is owned by the Albert
Matson Navigation is again to become a separate company. Although the phrase “spin off” was never used, Alexander & Baldwin, Inc. (NYSE:ALEX) today announced that its Board of Directors has unanimously approved
Grand China Shipping is suspending a weekly trans-pacific containership service– Super Pacific Express (SPX) — that it initiated in March this year. SPX links Long Beach with the Chinese ports of Shanghai,
Horizon Lines, Inc. (OTCQB: HRZL) reports that it will discontinue its Five Star Express (FSX) trans-Pacific container shipping service between the U.S. West Coast, Guam and China. The U.S.-flag containership operator says
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
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
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
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) reports that that Alherd Kazura has been appointed to the new position of Vice President of International Services. Mr. Kazura will report to Brian
Citing sustained high fuel prices, downward rate pressure and overcapacity in the Transpacific trade, Matson reports that it is discontinuing in late August its expanded China – Long Beach Express containership service
U.S.-flag containership operator Horizon Lines, Inc. (NYSE: HRZ) today announced that a federal court has granted a request by the U.S. Department of Justice to reduce the company’s fine related to federal
