Report: Horizon Lines may file for bankruptcy protection

(CHARLOTTE, N.C.) — Horizon Lines Inc. may file for bankruptcy protection next month, Bloomberg BusinessWeek reported. The shipping line recently agreed to pay a $45 million fine for price-fixing charges. The company failed to receive a default waiver from creditors, and the company’s shares plunged 33 percent today to less than $1.
 
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By Professional Mariner Staff