HONOLULU (HawaiiNewsNow) - Horizon lines plans to stop shipping between the U.S. West Coast, Guam and China.
The service was called "five star express," the last trip from china is scheduled to depart Shanghai November 2nd.
The last trip to Guam leaves the west coast November 10th.
"This has been a very difficult decision in light of the tremendous contributions from our associates, and our organized labor and vendor partners, who have worked so hard to make the FSX service a success," said Stephen H. Fraser, President and Chief Executive Officer. "Our decision to exit this highly volatile market will allow Horizon to focus on our core domestic ocean shipping services, and provide the opportunity to produce a more profitable and stable financial performance over time."
Horizon says shipping to Hawaii will not be affected.
"Given current market conditions and foreseeable future expectations, discontinuing the FSX service is the appropriate decision for the company," said Brian Taylor, Executive Vice President and Chief Operating Officer. "It will allow us to focus all of our resources on serving customers in the very solid domestic ocean markets in Alaska, Hawaii and Puerto Rico."