Independent journal on economy and transport policy
15:03 GMT+1
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Matson and Pasha Group complete the acquisition of the activities of the Horizon Lines
Capacities to term two transactions of the value of 469 million and 141,5 million dollars
June 1, 2015
the company of American navigation Matson and Pasha Group, society of the Pasha family that work in the marine and logistic field, they have announced that the acquisition from the Matson of the activities for Alaska of the company of navigation Horizon Lines and of other asset is completed that Horizon work with exclusion of those for the market of Hawaii; these last ones, included the branches Hawaii Stevedores, Sea-Logix and Sunrise Operations, have been acquired instead from Pasha Group( 14of November 2014). The total value of the transaction with Matson is of 469 million dollars and that of the transaction with Pasha Group of 141,5 million dollars.
Matson has specified that Jones Act will continue to operate the traditional services for Alaska of the Horizon Lines with three portacontenitori used in the within of the traffics regulated from the American norm, ships that realize two departures weeklies magazine from Tacoma for Anchorage and Kodiak and a departure weekly magazine for Dutch Harbor. Moreover Matson, that it will manage also the terminalistiche activities to Anchorage, Kodiak and Dutch Harbor, has announced that it will acquire some portacontainer to employ in the within of the Jones Act activity in occasion of maintenance operations to which they will have to be subordinates unit of the fleet.
the activity for Hawaii yielded Pasha Group includes two portacontainer Jones Act Jean Anne and the new Marjorie C, this last commissioning 7th May.
"the market of Alaska - it has emphasized the president and managing director of the Matson, Matt Cox - constitutes a natural geographic extension of our platform which leaders in serving our customers in the Pacific".
"Horizon Lines, Hawaii Stevedores and Sea-Logix - it has evidenced the president of Pasha Group, Goerge Pasha IV - are societies that complete the proud enterprise of Pasha Group family". "So as Pasha Hawaii - it has added - these societies have strong ties with the islands and the continent, they are online with our model integrated of shipping and logistics and share I our values and our engagement towards the community".
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the company of American navigation Matson and Pasha Group, society of the Pasha family that work in the marine and logistic field, they have announced that the acquisition from the Matson of the activities for Alaska of the company of navigation Horizon Lines and of other asset is completed that Horizon work with exclusion of those for the market of Hawaii; these last ones, included the branches Hawaii Stevedores, Sea-Logix and Sunrise Operations, have been acquired instead from Pasha Group
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
