Hamburg-headquartered feeder operator Team Lines will cease trading on 11 February, after deeming its business model “unsustainable”.
It told customers, vendors and partners: “The decision has been made on the basis of the deteriorating market conditions in northern Europe over the recent years, combined with the ongoing consolidation process in the maritime sector.”
Team Lines, acquired by Antwerp-based Delphis (part of the Saverys dynasty) in 2006, was founded in 1991 from the …

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Source: The Loadstar