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Transportation Company - Farrell Lines - Logistics
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Company NameFarrell Lines
Division or Subsidiary ofMaersk Line, Limited
Company Web SiteLink
CategoryLogistics
Year Founded1965
TerminationSubsidiary
Successor/ParentMaersk (Details)
CountryUnited States (Details)
Source of TextJTC Models
Text Credit URLLink
Transportation Company - Farrell Lines - Logistics



Company History: In 1965, Farrell Lines acquired the Australia-U.S. East Coast service from United States Lines. At this time Farrell also ceased offering passenger services, fixing their focus entirely onto the movement of cargo.
Following their 1965 acquisition, growth came along rapidly. Farrell Lines purchased another string of companies in 1975, the West-Coast Australia Service of the Pacific Far-East Line, and by 1978 Farrell Lines became the second largest U.S.-flag merchant fleet, 44 ships, with the acquisition of the entire American Export Line fleet.
When James Jr. and John passed away in 1978 and 1968, respectively, they had made Farrell Lines a top-tier U.S. flag company. They had upheld their father's legacy and ultimately handed the company down to other members of the Farrell family. But difficult financial times hit the company, and Farrell Lines dropped all of its African and European routes and sold 38 of its 44 ships. By 1991, Farrell Lines continued to operate with only four ships and catered solely to the Mediterranean and Persian Gulf.
Farrell Lines became a subsidiary of P&O Nedlloyd Container Line Ltd. in 2000, which was subsequently purchased by the A.P. Møller-Maersk Group in 2005. Following the purchase, Farrell Lines became a part of Maersk Line,Limited, the U.S. flag operating arm of the A.P. Møller-Maersk Group. Under Maersk Line, Limited.
Farrell Lines has reemerged as a U.S. flag roll-on, roll-off carrier. Seeing tremendous potential, Maersk Line, Limited revitalized the Farrell Lines brand in 2010 and increased the fleet to four ships.
Farrell Lines currently operates in partnership with Höegh Autoliners and its U.S. affiliate Alliance Navigation, focusing their efforts on transits between the U.S. East Coast and the Gulf of Mexico to the Middle East and Southwest Asia. Farrell Lines has also been able to sustain its tradition of leadership by participating in the Maritime Security Program (MSP) and the Voluntary Intermodal Sealift Agreement (VISA); both are important programs designed to support the Department of Defense in its sustainment of U.S. military forces to ensure the fleet is prepared in the event that emergency deployment is needed. As Farrell Lines continues to expand they will hold true to their mission of proudly serving our nation by carrying U.S. military cargoes on its pure car/truck vessels.
Successor/Parent History:
(From Wikipedia) A.P. Moller-Maersk Group, also known as Maersk, is a Danish business conglomerate. A.P. Moller-Maersk Group has activities in a variety of business sectors, primarily within the transportation and energy sectors. It has been the largest container ship operator and supply vessel operator in the world since 1996.

A.P. Moller-Maersk Group is based in Copenhagen, Denmark, with subsidiaries and offices in more than 135 countries worldwide and around 89,000 employees. It ranked 148 on the Forbes Global 2000 list for 2015.

The largest operating unit in A.P. Moller-Maersk by revenue and staff (around 25,000 employees in 2012) is Maersk Line. In 2013 the company described itself as the world's largest overseas cargo carrier and operated over 600 vessels with 3.8 million Twenty-foot equivalent unit (TEU) container capacity. As per September 2015, being still the largest container fleet, it holds 15.1% of the global TEU.

In 2006, the largest container ship in the world to that date, the E-class vessel Emma Maersk, was delivered to Maersk Line from Odense Steel Shipyard. Seven other sisterships have since been built, and on 21 February 2011, Maersk ordered 10 even larger container ships from Daewoo, the Triple E class, each with a capacity of 18,000 containers. The first were delivered in 2013. It held options for 10-20 more, and in June 2011 placed follow-on orders for a second batch of ten sisterships (to the same design) with the same shipyard, but cancelled its option for a third batch of ten.
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.

Item Links: We found: 1 different collections associated with Farrell Lines - Logistics
Item created by: CNW400 on 2021-10-16 13:24:30. Last edited by CNW400 on 2021-10-16 13:26:26

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