American Feeder Lines will start operations in the second quarter of 2011, MarineLog reports.
Last year the company hired Hapag-Lloyd veteran Rudy Mack as its COO. A modern 1,300teu container feeder will be operating in a weekly service connecting Boston, Mass., and Portland, Me., with Halifax, Nova Scotia, Canada. This is the path of the former "Yankee Clipper" which provided regular weekly services to the New England states, carrying containers for Hapag-Lloyd during Mr. Mack's Hapag-Lloyd days.
Andrew Haines has been hired as Vice President Line Management and a regional office will be set up in Boston.
Last July American Feeder Lines signed a letter of intent with Aker Philadelphia Shipyard for five Jones Act containerships for American Feeder Lines Holdings L.P.and a similar LOI for five more containerships of the same design with an unnamed shipyard in Green Bay, Wisconsin.
Andrew Haines has been hired as Vice President Line Management and a regional office will be set up in Boston.
Last July American Feeder Lines signed a letter of intent with Aker Philadelphia Shipyard for five Jones Act containerships for American Feeder Lines Holdings L.P.and a similar LOI for five more containerships of the same design with an unnamed shipyard in Green Bay, Wisconsin.
Its cofounders are Tobias Koenig and Percy Pyne IV, of New York real estate investment and consulting firm Pyne Companies Ltd. Mr. Koenig is a major player in the Hamburg, Germany, based shipping investment market. His Koenig & Cie. GmbH & Co. KG has launched more as 80 closed-end funds with a total investment volume of more than 4.2 billion euros.
Most of these funds are investments in ships, putting the company into the top quartile of all ship initiators in Germany.