Tough Market Conditions Force Team Lines to Close Its Doors

ShippingImage Courtesy: Pixabay (Pixabay License)

Hamburg-based container feeder operator Team Lines said it would discontinue all business operations as of February 11, 2019.

The company opted for the move on the basis of deteriorating market conditions in Northern Europe over the recent years, combined with the ongoing consolidation process in the maritime sector which makes a continuation of Team Lines’ activities unsustainable.

The company said that all obligations and commitments which have been undertaken, “will be would be honoured, and the wind down will happen in an orderly way.”

Founded in October 1991, the company emerged from an amalgamation of the Baltic and North Sea liner traffic activities of four Hamburg-based shipping companies, namely H.M. Gehrckens, Ernst Russ, Johannes Ick  and Mathies Reederei Schwedendienst. In 2006, the Antwerp-based company Delphis acquired Team Lines.

Share this article

Follow World Maritime News

Posted on February 6, 2019 with tags .

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >