Independent journal on economy and transport policy
08:11 GMT+1
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Horizon Lines has archived item the first trimester with a net loss of 34,1 million dollars
Agreement with the CSX group in order to reduce the installment of hire of three ships
May 2, 2011
In the first trimester of the current fiscal year, conclusosi 27th March, the liabilities clearly of the company of American navigation Horizon Lines have been emphasized going up to 34,1 million dollars regarding 13,2 million dollars in the first trimester of fiscal year 2010, period that is finished on March 21, 2010. The revenues are increased of 3.9% to 285,3 million dollars and the operating result has been negative for 22,0 million dollars respect to a result negative for 1,8 million dollars in the first trimester of fiscal year 2010.
Today while Horizon Lines has announced to have reached an agreement with the group CSX Corporation for the reduction of the installments of hire of three ships that the shipowning company has rented from the CSX group. The understanding regards the ships Horizon Anchorage, Horizon Tacoma and Horizon Kodiak and allows with Horizon Lines to altogether save 12 million dollars in the remaining period of chartering that will finish 2015 in January.
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In the first trimester of the current fiscal year, conclusosi 27th March, the liabilities clearly of the company of American navigation Horizon Lines have been emphasized going up to 34,1 million dollars regarding 13,2 million dollars in the first trimester of fiscal year 2010, period that is finished on March 21, 2010. The revenues are increased of 3.9% to 285,3 million dollars and the operating result has been negative for 22,0 million dollars respect to a result negative for 1,8 million dollars in the first trimester of fiscal year 2010.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
