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96 Maritime Reporter & Engineering News ity requires investments that Bourbon would not be able to make for several years, due to the decisions announced in the Bourbon 2015 Leadership Strategy. This is why the sale to a professional in the Bulk field is the best solution for the development of this activity", said Jacques de Chateauvieux, CEO of Bour- bon. "With this sale, Bourbon becomes a pure player in marine services to the off- shore oil and gas industry, focused on the implementation of its strategic plan." The sale should be completed before the end of the year. Horizon Lines Reports Q3 Results Horizon Lines, Inc. reported financial results for its fiscal third quarter ended September 19, 2010. On a GAAP basis, third-quarter net income was $7.7 mil- lion, or $0.25 per diluted share, compared with $8.4 million, or $0.27 per diluted share, for the third quarter of 2009. On an adjusted basis, third-quarter net income totaled $11.0 million, or $0.35 per diluted share, excluding charges of $3.3 million after tax, or $0.10 per diluted share, for antitrust-related legal expenses, an equip- ment impairment charge and union sev- erance. This compares with 2009 adjusted net income of $11.4 million, or $0.37 per diluted share, after excluding antitrust-related legal expenses and a ves- sel impairment charge totaling $3.0 mil- lion after tax, or $0.10 per diluted share. Third-quarter revenue increased to $311.0 million from $308.0 million a year ago. Container volume for the 2010 third quarter totaled 65,726 loads, a 2.8% de- cline from 67,649 loads for the same pe- riod a year ago. Puerto Rico and Hawaii/Guam experienced the largest year-over-year declines. Alaska volume was down just marginally. Container vol- ume for the 2010 nine-month period to- taled 190,610 loads, down 1.4% from 193,305 loads a year ago. NEWS PEOPLE & COMPANIES Drydock Conference February 2-3, 2011 The Seventh International Dry Dock Conference will be held in San Diego, California, on February 2-3, 2011. The conference, the latest in a very success- ful series, is a great venue for gathering invaluable insight and information into dry docking, making it ideal for Dock Masters, Docking Officers, Dry dock crews, Engineers, Naval Architects, Port Engineers, Marine Surveyors, Pro- gram/Project Manages, Owners/on-site Representatives and Shipyard Manage- ment. This event offers not just lectures from some the world's leading dry dock experts, but also opportunities for at- tendees to take part in discussions where they can gain knowledge and share experiences. The conference is open to all those involved with, or in- terested in, the dry docking of ships and vessels, regardless of their experience level. Past conferences have attracted dry dock industry personnel from six continents as well as key executives from international shipyards, engineer- ing/consulting firms and government agencies. Among the highlights of the upcom- ing San Diego conference will be a se- ries of presentations from field experts on unique dry docking and ship launch- ing challenges. For conference information/registra- tion, visit www.drydocktraining.com
