Horizon Lines Issues Statement in Strong Support of the Jones Act
CHARLOTTE, N.C., April 27, 2012 /PRNewswire/ -- Horizon Lines, Inc. (OTCQB: HRZL) today issued the following statement from interim President and Chief Executive Officer Stephen H. Fraser:
Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements. The Jones Act stipulates that cargo shipped between two U.S. ports must be transported on vessels that are American-made, American-flagged, at least 75% American-owned and predominantly American crewed. We fully support these requirements and steadfastly believe they are vital to American economic, merchant marine, military, national and homeland security interests. The Jones Act has provided a strong foundation for America's domestic shipping industry since 1920, and has enjoyed the long-standing support of the U.S. Navy, bi-partisan members of Congress and every president in modern history.
As one of the nation's leading domestic ocean shipping companies and as a proud member of the American Maritime Partnership, Horizon Lines understands that the history and livelihood of our company, our customers and the markets we serve are inextricably linked to the Jones Act. Fifty-six years ago this week, the converted U.S. built tanker Ideal X departed Port Newark with 58 containers bound for Port Houston. With that voyage, Sea-Land Service, our predecessor, went on to revolutionize ocean cargo transportation. Today, the associates of Horizon Lines, in partnership with our maritime and shore-side union partners, are proud of the role we play supplying the citizens of Alaska, Hawaii and Puerto Rico with goods that are vital to their lives. The Jones Act has made this possible. It has been integral to our nation's past and it is critical to our future.
About Horizon Lines
Horizon Lines, Inc. is one of the nation's leading domestic ocean shipping companies and the only ocean cargo carrier serving all three noncontiguous domestic markets of Alaska, Hawaii and Puerto Rico from the continental United States. The company maintains a fleet of 15 fully Jones Act qualified vessels and operates five port terminals in Alaska, Hawaii and Puerto Rico. A trusted partner for many of the nation's leading retailers, manufacturers and U.S. government agencies, Horizon Lines provides reliable transportation services that leverage its unique combination of ocean transportation and inland distribution capabilities to deliver goods that are vital to the prosperity of the markets it serves. The company is based in Charlotte, NC, and its stock trades on the over-the-counter market under the symbol HRZL.
SOURCE Horizon Lines, Inc.