Horizon Lines, Inc. has announced that it entered into and executed an Asset Purchase Agreement (“Agreement”) with Luis Ayala Colon Sucrs. selling certain San Juan, Puerto Rico container terminal assets and assigning its lease with the Puerto Rico Ports Authority effective today, March 11, 2015.
The Agreement follows Horizon Lines’ announcement on November 11, 2014 to cease providing liner service between the U.S. and Puerto Rico by the end of 2014, which actually occurred in early January 2015, and to terminate San Juan terminal services by the end of the first quarter of 2015.
