Ship Finance International is buying the vessels and will bareboat charter them to Horizon Lines, which will deploy all five vessels on its TP1 service linking the U.S. West Coast to Guam and Asia.
Horizon Lines only serves the U.S./Guam trade on the TP1 and then turns over the remaining capacity to Danish carrier Maersk Line, which loads the vessels eastbound.
'The deployment of these five new vessels will not only provide additional space and faster transit time between the U.S. West Coast, Guam and Asia, but will also result in the redeployment of our larger and younger U.S.-built ships into two of our three fully qualified Jones Act markets, Hawaii and Puerto Rico,' said John V. Keenan, Horizon Lines' senior vice president and chief transportation officer.
The remaining ships will be delivered to Horizon Lines by the spring.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now