By American Maritime Partnership On behalf of the American Maritime Partnership, Joseph H. Pyne, Chairman and Chief Executive Officer of the Kirby Corporation, testified before the Subcommittee on Coast Guard and Maritime Transportation of the House Transportation and Infrastructure Committee and said that preserving the Jones Act is essential to the nation’s economic … [Read more...]
Horizon Lines could face bankruptcy
Image credit: Flickr user JAXPORT NEW YORK (Dow Jones)--Shares of Horizon Lines Inc. (HRZ) plunged as much as 48% Tuesday after the company said it expects not to be in compliance with its debt covenants this year, raising "substantial doubt" about its ability to continue as a going concern. The Charlotte, N.C., container-shipping and intermodal-transportation company … [Read more...]
McDonalds Fish Ship – “Alaska Ocean”
McDonalds Fish Ship - "Alaska Ocean" If you have ever eaten a McDonald's Filet-o-fish there is a good chance that it came from the Alaska Ocean. The Alaska Ocean is the largest catcher/processor ship in the U.S. fleet with a capacity to catch and process 300 tons of Alaskan Pollock each day. The Alaska Ocean yearly catch accounts for nearly 40% of commercial caught fish in … [Read more...]