Charleston was the carrier’s only East Coast port of call. In Europe Atlanticargo calls Rotterdam, Antwerp, Bremen and Tilbury.
“The extraordinary drop in rates as well as volume since the fall of 2008, combined with the dismal prospects for a return to normalcy, has made this decision necessary,” the carrier said.
Atlanticargo is not alone in seeing a sharp downturn in the transatlantic container trade. The European Linear Affairs Association estimated westbound transatlantic volumes in the first three months of 2009 at 628,600 TEUs, down 17 percent from the same period in 2008 and eastbound volumes at 583,600 TEUs, down 30 percent.
Atlanticargo will continue the westbound and eastbound scheduled voyages to the U.S. Gulf, where calls in Mobile and Houston are already combined with Grieg Star Shipping’s conventional cargo operation.
The Gothenberg, Sweden-based carrier has four ships that offer both door-to-door movements of containers cargo as well as breakbulk and project cargo.
Atlanticargo is part of the Grieg Star group, a leading carrier of pulp and paper, lumber and other breakbulk and bulk commodities with a fleet of more than 40 ships.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now