ATLANTIC CONTAINER AB

ATLANTIC CONTAINER AB

Previous company name

Name change date

Company Overview
Atlantic Container Line AB (ACL) is a private company engaged in the provision of sea and coastal water transportation of containers and other related activities. Atlantic Container Line is the leading carrier of containers, oversized cargoes and vehicles between North America and Europe. The Company was incorporated in May of 1897, and has its registered main office in Gцteborg, Sweden.
The Company provides liner services in the Atlantic basin, between ports in Northern Europe and the North American Atlantic and Gulf Coasts. It operates five fully owned liner vessels, which can carry a combination of containerized cargo that is handled by crane (lift-on lift-off/LOLO), non-containerized cargo that is driven or towed onboard (roll-on roll-off/RORO) and cars that are driven onboard. The Company’s containers include standard dry vans, high-cube/dry containers, open-top containers, refrigerated containers, chassis and flatracks. The Company’s Hazardous Materials Cargo Department provides customers with information and compliance for the transportation of hazardous materials. The Company also offers customers a special program to transport very dangerous commodities, primarily radioactive and explosive materials. Further, E-commerce at ACL consists of electronic data interchange and interactive Web access via the Company’s Website, which provides customers with important reference information, such as equipment specifications, inland tariffs, vessel schedules and online container or shipment tracing.
The Company offers direct sailings to Canada and United States Eastcoast, South Atlantic and United States Gulf plus all inland destinations, Canadian crossborder to all United States Midwest destinations and feeder connections to Bermuda.
The Company is ISO 9001:2000 certified at its United States Customer Service Center in Virginia Beach, Virginia. All of ACL’s European Customer Service Centers are also ISO 9001:2000 certified, and most of its agents. ACL’s fleet is ISO 14001:2004 as well.
Business Summary
ACL owns and operates the world’s largest combination roll-on/roll-off containerships. RORO is a term for roll-on roll-off cargo which is driven on and off the vessel. RORO cargo consists of items such as tractors, buses and trucks, or oversized cargo loaded on special flatbed, mafi or lowboy trailers.
In February 2002, the company applied for delisting from the Oslo Stock Exchange. The last trading day for the ACL share was 1st March 2002.
Description and history
For over thirty years, ACL’s pioneering spirit has been the driving force that has made this company a leader in the North Atlantic Trade and one of the most respected names in the ocean transportation.
1965-67: A consortium of five major European steamship companies join together to meet the high capital investment involved in building and operating an innovative fleet of roll-on/roll-off containerships.
1984-85: Five, newly constructed ACL G-3 (third generation) RORO/Containerships, the largest of their kind in the world (2160 TEUs), enter the North Atlantic service. The G-3s are fuel efficient and highly flexible for a wide mix of cargoes.
1989-90: Corporate headquarters are relocated from Southampton, England to South Plainfield, NJ. ACL?s original consortium ownership is dissolved. Transatlantic, a member of the Bilspedition Group, acquires 100% of Atlantic Container Line. Olav Rakkenes becomes chairman of ACL initiating one of the most dramatic and successful corporate turnarounds in maritime history. Formal quality programs are set in place.
1991-93: In a move to restore profitability, ACL streamlines its operations, concentrating solely on its core North Atlantic market. Support services (trucking, stevedoring and M&R) and support functions (documentation, EDP, accounting and logistics) in the US and Canada are outsourced. Slot exchanges with other container lines increase, enabling ACL to expand its services and offer five weekly sailings between North America and Europe ? more than any other carrier in the trade.
1994: A public offering for ACL by Bilspedition is successful and the company is listed on the Oslo Stock Exchange. ACL passes the break-even mark after several years of losses and reports a profit. Every ACL European office achieves ISO 9002 certification.
1996: ACL?s pretax profit almost doubles. The company continues to gain financial strength. Number of shareholders increase, moving ACL to the Main List of the Oslo Stock Exchange. The company receives ‘Lloyd?s Loading List’ award for the best on-time performance in the trade. ACL purchases new 20′ containers, 40′ high-cube reefers and high-cube dry containers and chassis. ACL acquires full ownership of its fleet with the final purchase of the ‘Atlantic Cartier’ from CGM. The ‘Atlantic Concert’ and ‘Atlantic Companion’ receive ISM certification. ACL consolidates operations with one customer service center per country in North America and Europe. Preparing for the new age of electronic communication, ACL launches its web site.
1997: ACL celebrates its thirty year anniversary of service on the North Atlantic. The ATLAS software is developed to dramatically simplify present work processes and offers customers a more complete and personalized service.
1998: The first phase of ATLAS, the internally developed computer system was implemented, leading to cost savings and improvements in service quality. 3,000 new container units delivered. Ship management functions were taken over by ACL Ship Management AB. ACL share was split 2:1. The company receives the ‘Lloyd’s Loading List ‘ 1998 Award for Best Customer Services to North America.

For over thirty years, ACL’s pioneering spirit has been the driving force that has made this company a leader in the North Atlantic Trade and one of the most respected names in the ocean transportation.

1965-67
A consortium of five major European steamship companies join together to meet the high capital investment involved in building and operating an innovative fleet of roll-on/roll-off containerships. This historic union, the first of the container age, results in the creation of Atlantic Container Line (ACL), serving the trade between Europe and East Coast of North America. The ‘Atlantic Span,’ is the first of ACL?s four G-1 (first generation) vessels. These 700 TEU Roll-on/Roll-off (RORO) Containerships are the most unique in the world and dramatically change the concept of transportation.

1969-70
With the introduction of the first computerized intermodal transport system ‘Route Code,’ ACL offers shippers a door-to-door service that continuously updates through-transport tariffs for repeat shipments. Six, 900 TEU, G-2 (second generation) RORO/Containerships are added to ACL?s fleet, increasing it to ten vessels. ACL becomes the only ocean carrier to handle both containerized and uncontainerized cargo with multiple sailings each week to/from every major port in Europe.

1971-73
ACL introduces its simplified alternative to the bill of lading, ‘Datafreight Receipt,’ the first electronically transmitted documentation system. Providing customers with added-value inland transport services in North America, ACL forms a wholly owned trucking company for improved short haul trucking capabilities and its own container and chassis maintenance and repair operation.

1975-78
ACL pioneers SPEED (Europe) and COMPASS (North America), the first ‘real time’ computer system in the transportation industry. The G-1 vessels are lengthened, increasing capacity to 1100 TEUs. ACL introduces direct service to the Canadian ports of Montreal and Halifax.

1980-82
To better service customers through enhanced job performance, a record number of ACL staff attend further education studies and management courses. Intense project studies on the future G-3 vessel fleet are completed and new building orders are placed.

1984-85
Five, newly constructed ACL G-3 (third generation) RORO/Containerships, the largest of their kind in the world (2160 TEUs), enter the North Atlantic service. The G-3s are fuel efficient and highly flexible for a wide mix of cargoes. The G-2 vessels are phased out and scrapped.

1986-87 ACL
receives the President’s ‘E’ Award for Export Service for its outstanding contribution to the Export Expansion program of the United States. As part of an overall rationalization program on the North Atlantic, ACL enters a space sharing and charter agreement with Hapag-Lloyd. Focusing on long-term corporate strategies and successful growth, ACL restructures its US operations. A subsidiary is formed to operate ACL?s non-shipping sector in trucking, maintenance & repair, container storage, liner agency and stevedoring services. The G-3 vessels are lengthened (G-3L) to 292 meters increasing capacity to 3,100 TEUs. The G-1 vessels are phased out and scrapped.

1989-90
Corporate headquarters are relocated from Southampton, England to South Plainfield, NJ. ACL?s original consortium ownership is dissolved. Transatlantic, a member of the Bilspedition Group, acquires 100% of Atlantic Container Line. Olav Rakkenes becomes chairman of ACL initiating one of the most dramatic and successful corporate turnarounds in maritime history. Formal quality programs are set in place.

1991-93
In a move to restore profitability, ACL streamlines its operations, concentrating solely on its core North Atlantic market. Support services (trucking, stevedoring and M&R) and support functions (documentation, EDP, accounting and logistics) in the US and Canada are outsourced. Slot exchanges with other container lines increase, enabling ACL to expand its services and offer five weekly sailings between North America and Europe ? more than any other carrier in the trade.

1994
A public offering for ACL by Bilspedition is successful and the company is listed on the Oslo Stock Exchange. ACL passes the break-even mark after several years of losses and reports a profit. Every ACL European office achieves ISO 9002 certification.

1995
ACL embarks on a corporate strategy to make operations more independent, self-reliant and quality-driven. As a result of this strategy, ACL modifies schedules to improve transit times and reliability. ACL purchases ‘Atlantic Conveyor’ from Cunard. The ‘Atlantic Compass’ becomes the first oceangoing cargo vessel to be certified by the Swedish National Maritime Administration under the ISM Code (International Management Code for the Safe Operation of Ships and for Pollution Prevention).

1996
ACL?s pretax profit almost doubles. The company continues to gain financial strength. Number of shareholders increase, moving ACL to the Main List of the Oslo Stock Exchange. The company receives ‘Lloyd?s Loading List’ award for the best on-time performance in the trade. ACL purchases new 20′ containers, 40′ high-cube reefers and high-cube dry containers and chassis. ACL acquires full ownership of its fleet with the final purchase of the ‘Atlantic Cartier’ from CGM. The ‘Atlantic Concert’ and ‘Atlantic Companion’ receive ISM certification. ACL consolidates operations with one customer service center per country in North America and Europe. Preparing for the new age of electronic communication, ACL launches its web site.

1997
ACL celebrates its thirty year anniversary of service on the North Atlantic. The ATLAS software is developed to dramatically simplify present work processes and offers customers a more complete and personalized service. With the certification of the ‘Atlantic Cartier’ and ‘Atlantic Conveyor,’ ACL?s entire fleet becomes ISM certified. The price of the ACL stock hits all time high on the Oslo Stock Exchange.

1998
The first phase of ATLAS, the internally developed computer system was implemented, leading to cost savings and improvements in service quality. 3,000 new container units delivered. Ship management functions were taken over by ACL Ship Management AB. ACL share was split 2:1. The company receives the ‘Lloyd’s Loading List ‘ 1998 Award for Best Customer Services to North America.

2001
The Grimaldi Group’s launched a mandatory bid for all the outstanding shares at NOK 97 per share, then increased its stake in ACL to 81%, and then to 91%.

2002
The Oslo Stock Exchange resolved to delist the company, following a resolution from an extraordinary shareholders meeting on March 1, 2002.

Business Line
Engaged in the provision of sea and coastal water transportation of containers and other related activities
Subsidiary
ACL INVEST 2003 AB
Advisor
OHRLINGS PRICEWATERHOUSECOOPERS AB
IPO date
9/19/1994
US SIC Code
4731
Company Address

City province or state postal code
403 36, GЦTEBORG
Phone:
Fax:
Country address: SWEDEN
Website url: www.aclcargo.com