Independent journal on economy and transport policy
17:43 GMT+2
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Horizon Lines agrees with Ship Finance International the cessation of contracts of chartering for five portacontainer
They were employed in the only transpacifico service of the suspended company at the end of 2011
April 10, 2012
The shipowning society American Horizon Lines has agreed with the Ship Finance International Ltd. (SFL) the terms of the cessation of relative contracts of chartering to five portacontainer that the American company employed in the just only transpacifico service that it has suspended at the end last year ( on 26 October 2011).
Draft of five ships of the ability to 2.824 teu constructed in Korea between 2006 and 2007 and originally rented to the Horizon Lines for a period 12-year-old.
Horizon Lines has explained that the revocation of contracts allows with the company to per year save 32,0 million dollars from here to 2018 and 4,8 million dollars in 2019, so as 3,0 million dollars per year of costs correlated to the mass in disarmament of the five ships. The company has emphasized moreover that the agreement allows them to reduce the indebtedness to about 404,4 million dollars regarding 592,8 million dollars on 31 March.
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The shipowning society American Horizon Lines has agreed with the Ship Finance International Ltd. (SFL) the terms of the cessation of relative contracts of chartering to five portacontainer that the American company employed in the just only transpacifico service that it has suspended at the end last year 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
