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Cloud Computing
Aug 8
Comment
XO Communications announced today that it has been selected by Horizon Lines, Inc. to provide a converged enterprise-wide voice, data and network security solution designed to simplify the management of network infrastructure and reduce costs. XO...
StreetInsider.com
Jun 7
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Horizon+Lines+%28HRZL%29+Names+Sam+Woodward+as+CEO/7503067.html for the full story.
Benzinga
Apr 10
Comment
Ship Finance International Limited (NYSE: SFL) 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...
Benzinga
Oct 19
Comment
Horizon Lines (NYSE: HRZ) today announced that its common stock will begin trading on the OTCQB Marketplace, effective October 20, 2011, under the ticker symbol "HRZL".
The transition to the OTCQB Marketplace comes after the New York Stock...
StreetInsider.com
Sep 28
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Equity+Offerings/Horizon+Lines+%28HRZ%29+Prolongs+Exchange+Offer+Until+October+3+at+5pm/6816336.html for the full story.
Marketwire
Aug 9
Comment
NEW YORK, NY -- (Marketwire) -- 08/09/11 -- Shipping stocks have been on the downswing this month as the growing fleet supply is once again hurting freight rates, and putting pressure on the shipping industry. The Bedford Report examines the outlook
Marketwire
Jul 14
Comment
NEW YORK, NY -- (Marketwire) -- 07/14/11 -- Drybulk shippers have continued to underperform as freight rates remain under pressure based on too many available ships and not enough demand to match supply. In addition, Chinese demand for raw materials
Marketwire
Jun 10
Comment
NEW YORK, NY -- (Marketwire) -- 06/10/11 -- A rebounding global economy has prevented catastrophe for many dry bulk shippers as maritime ships remain the most economical way to transport goods overseas. The shipping sector's recovery remains fragile,
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more ▼WIKI ANALYSIS
WIKI ANALYSIS|
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TOP CONTRIBUTORS
Horizon Lines is a maritime transport and logistics company. It is the only Jones Act shipper to serve the 3 non-contiguous regions of Puerto Rico, Alaska and Hawaii. In addition, the company also ships to Guam as well as Asia as part of an agreement with Moller Maersk.[1]
Business
Competitors
Horizon doesn't have a direct competitor for comparison as it is the only Jones Act shipper to service all three non-contiguous US ports (Puerto Rico, Hawaii/Guam, Alaska). The competitors listed below are also Jones Act shippers but have other operations and/or focus.
Alexander & Baldwin - Hawaii-based operator with operations in sugar & real estate:
- Largest Jones Act shipper in the Hawaii market
- Produces 3% of U.S. sugar output
- Hawaiian real estate may not be as vulnerable as contiguous US real estate
- Heavy focus on automobile cargo, which is lower margin
- Rising fuel costs affecting all shippers
- Entry into foreign markets without Jones Act protection
- Exposure to US housing market.
- Sugar market has not performed like other commodities in recent years.
Kirby (KEX) - Inland tank barge carrier focused mainly on petrochemical liquids transportation with some operations in diesel engine services.
- Market leader in inland transport of petrochemicals.
- Diesel engine segment may experience growth as economies focus on climate change and energy efficiency.
- Petrochemical shipping is more resistant to economic slowdowns.
- Higher capex costs due to large and aging fleet
- 25% of business from 2 customers: Dow Chemicals & ExxonMobil[2]
References
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