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Horizon & Ocean Blue – Battle of the Equity Prospectuses
Concurrent with the preparations for Horizon’s public equity offer, a new competitor is in the marketplace with a private equity transaction that will compete against Horizon in the Puerto Rico market. Since the autumn of 2004, Kjell Inge Rokke’s Philadelphia Kvaerner shipyard decided to become a principal in the US flag market through the startup of “OceanBlue,” a liner service that will compete with Matson Navigation and Horizon Lines in the Hawaii market.
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Tags: · Brad Mulholland, Caterpillar Finance, DnB NOR, Horizon, Jefferies, John Graykowski, Kjell Inge Rokke, Kvaerner, Matson Navigation, OceanBlue, Philadelphia Shipyard, Saltchuk, Sun Oil, Sun Shipyard, Tote
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