US-flagged shipping lines produced a mixed bag of results for H1 09 as market conditions and legal costs took their toll.rnJones Act carrier Horizon Lines lurched into the red with operating loss of USD 12 million, thanks to 10% lower volumes and legal costs relating to alleged antitrust violations in its Puerto Rico trade. Excluding these exceptional charges, it would have reported positive earnings.rnRevenue at the Charlotte (NC)-based carrier declined 14% to USD551 million with EBITDA (earnings before interest tax depreciation and amortisation) plummeting 71% to USD17.5 million.
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