Horizon Lines Hawaiʻi Operations Sold to Competitor Pasha
By Wendy Osher
Cargo shipping company Horizon Lines, Inc., today announced its Hawaiʻi operations are being sold to its competitor The Pasha Group, and Horizon Lines’ Alaska operations are being sold to competitor Matson, Inc.
Upon hearing of the news, officials with the Hawaiʻi Department of Transportation reaffirmed their commitment to encouraging marketplace competition saying, “The Harbors Division will continue to work with all partners in shipping cargo to and from the islands and remains committed to a diverse shipping marketplace that provides the best possible service and prices for Hawaiʻi’s consumers.”
According to The Pasha Group announcement, it is acquiring the Hawaiʻi operations of Horizon Lines for an estimated $141.5 million.
Pasha executives say the transaction “will greatly expand and complement Pasha’s current offerings for shipping between the mainland United States and Hawaiʻi.”
According to the announcement, Pasha executives say the additional vessels from Horizon will provide Pasha customers with a “wider offering of high-quality, scheduled shipping and logistics services for containers, refrigerated containers, and a variety of roll-on/roll-off cargoes.”