FastShip files for Chapter 11 bankruptcy protection
It was to have been a highspeed containership with a semi-planing hull, gas turbine power and waterjets linking Philadelphia and Cherbourg, France. At one time, there were hopes it could have been
containership
Horizon Lines issues updates on environmental initiatives
U.S.-flag containership operator Horizon Lines, Inc., (OTCQB: HRZL) has issued an update on its efforts to mitigate environmental impact from shipping operations and intermodal transport. “Ensuring sustained environmental protection has always been
APL to fit fuel emulsification system to main engine of 10,000 TEU box ship
APL has signed an agreement to fit the main engine of one of its 10,000 TEU containerships with a fuel savings system that uses cavitation to create a highly stable heavy fuel
TUI moves ahead with plans to sell remaining Hapag-Lloyd stake
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
Alexander & Baldwin and Matson Navigation to become separate companies
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 suspends trans-pacific service
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 to discontinue trans-Pacific service
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
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
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
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