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Horizon Lines -End of Long History

Horizon Lines announced at the end of last week that subject to regulatory approval it intends to sell its business to rival Matson, including its Alaska operations, and its Hawaii service to the Pasha Group - a California-based transport and logistics company that currently operates a ro/ro service to Hawaii.

The Alaska deal will see three 1987-built, 1660teu vessels transferred to Matson, which the company is to retrofit with scrubbers to comply with forthcoming low-sulphur regulations.

Pasha will acquire four vessels in the 2,400-2,600teu range, which entered service from 1979 to 1981.

Separately, Horizon announced that it will close its loss-making Puerto Rico service by the end of December - thereby bringing to a close a 56-year chapter in the history of the company that was originally the domestic shipping arm of container transportation pioneer SeaLand.

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