ShippingWatch

Team Lines goes out of business

Feeder operator Team Lines will close down its business following several years of difficult market conditions, a spokesperson from its Hamburg headquarters tells ShippingWatch. The business model was not viable, says the company in a letter.

Photo: Wikimedia Commons/Rainer Lippert

Feeder operator Team Lines has decided to throw in the towel, as the  business is no longer sustainable.

The decision to shut down the company was disclosed to customers and partners on Wednesday this week, a spokesperson from Team Lines tells ShippingWatch. The company has since published the letter online.

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