American Export-Isbrandtsen Lines
| Industry | Shipping |
|---|---|
| Fate | Bankruptcy |
| Successor | Farrell Lines |
| Founded | 1919 |
| Defunct | 1977 |
| Headquarters | New York City, United States |
| Parent | American Export Industries |
| Subsidiaries | American Export Airlines Containers Marine Lines |
American Export-Isbrandtsen Lines, New York, was the leading US-flag shipping company between the U.S. east coast and the Mediterranean from 1919 to 1977, offering both cargo ship services and passenger ship services, until it declared bankruptcy and was acquired by Farrell Lines, New York.
Export Steamship Corporation was organized in 1919 and began operating cargo services to the Mediterranean from New York. The word "American" was added in the 1920s to emphasize its ties to the U.S.. In 1931, they placed in service four cargo-passenger liners, Excalibur, Excambion, Exeter and Exochorda, known as the "Four Aces". The timing of their new service was unfortunately at the beginning of the depression. The company went through various reorganisations and became the American Export Lines in 1936. During World War II American Export Lines operated transports for the U.S. War Shipping Administration. In 1964, it merged with Isbrandtsen Co. to become the American Export-Isbrandtsen Lines.
In 1917, Hans Isbrandsen formed a shipping company name Hans Isbrandsen Inc. in Delaware and The Pan American Terminal & Dock Corporation in New York City. The shipping company underwent changes when Hans Isbrandtsen and his cousin A. P. Møller, the shipping magnate who formed the great Mærsk Line, began a joint venture in 1919 forming the Isbrandtsen-Moller Company (ISMOLCO) in New York. ISMOLCO grew rapidly when in 1928, a long-term agreement was reached with Ford Motor Corporation, shipping auto parts and general cargo for Japan, China and the Philippines via the Panama Canal. Isbrandtsen founded the Isbrandtsen Steamship Company in 1939 to operate ships in areas where ISMOLCO was not involved. In 1940, this joint venture dramatically transformed due to Permanent Special Instructions One issued by Møller, upon which A. P. Møller's son Mærsk Mc-Kinney Møller was made a partner. In 1941, the joint venture ended. Møller and his son went on to found the Interseas Shipping Co., Inc., the predecessor to the Moller Steamship Company, an agent for the Mærsk Line in the United States ¹ . While Interseas Shipping Co., Inc., operated mainly in the Atlantic, Isbrandtsen Steamship Company traded mainly in the Far East. Hans's son Jakob took over the company in 1953 upon Hans's passing and bought American Export Lines in 1960. The purchase was approved by the United States Maritime Administration in 1962. Jakob Isbrandtsen merged Isbrandtsen Co. with American Export Lines in 1964 to form American Export & Isbrandtsen Lines, which a year later changed its name to American Export-Isbrandtsen Lines.
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