JONES ACT carrier Horizon
Lines has announced a second quarter net loss widening to US$29.8 million
against a loss of $4.5 million in the same period last year.
EBITDA (earnings before
interest, taxes, depreciation, and amortisation) was $15.2 million for the
second quarter compared to $19.7 million in the previous year.
"Horizon Lines experienced
a 3.6 per cent improvement in container volume during the second quarter
relative to the year-ago period," said president and CEO Sam Woodward.
Container volume totalled
59,768 revenue loads, compared with 57,677 a year earlier. Revenue per
container averaged $4,269, up from $4,079 a year earlier. Per-container revenue
net of fuel surcharges rose 1.1 per cent to $3,174.
Looking ahead, Horizon
forecasts that 2012 container volumes will increase modestly, in the one per
cent to two per cent range, and that container rates, net of fuel surcharges,
will rise slightly from 2011 levels, due to the continuing slow economic
recoveries in its markets.
Source : HKSG.
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