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Österreichischer Lloyd
Type formerly Public
Founded Trieste, Italy (1836)
Headquarters Vienna, Austria
Products Commercial transport
Website www.oelsm.com/

Austrian Lloyd Ship Management is a shipping company based in Vienna, Austria with shipping emphasis on bulk carriers, car carriers, container ships, and reefers. It is the flagship company of the Österreichischer Lloyd Vienna/Austria Group founded in 1991 by Hans-Georg Wurmböck and Eberhard Koch. Today Austrian Lloyd has offices in Austria, Germany, Malta, and Beirut.

Contents

History

In 1833, seven insurance companies of Trieste decided to form the Austrian Lloyd Trieste along the lines of Lloyd's of London. Within a short period of its formation, the administration applied to Emperor Ferdinand I of Austria for the privilege of steam navigation with the Levant. On April 20, 1836, the steam-navigation department was introduced and during its second meeting on August 2 of the same year, the department decided to build six steamships. For this reason, 1836 is considered the year the company was founded.

The year 1844 saw another leap in the company's growth when it acquired First Danubian Steam Navigation Company's line via Constantinople to Smyrna along with all its equipment. A year later, Austrian Lloyd was declared the property of the postal service of the Austro-Hungarian monarchy.

At the opening of the Suez Canal in 1869, Austrian Lloyd was present with its steamships Pluto, Vulcan, and America. Soon after the opening of the Suez Canal, the company launched its Trieste-Bombay line and established a weekly service between Trieste and Port Said. With the opening of the Bombay line, the company acquired an international dimension which was further reinforced by the extension of the line to Colombo in autumn 1879 and early in 1880 to Singapore and Hong Kong. The line to Alexandria, which was modernized in 1894 by the introduction of four new express steamers, and the line to Bombay proved to be the most profitable passenger lines in the company's history.

The company started conducting pleasure cruises in 1907 and today the remaining cruise ship in the fleet, Orient Queen, is the only Lebanese-owned ship in the world.

The speed of shipping with the Levant increased and the passages to Calcutta were increased from nine to twelve. As a result, the company transferred the headquarters of the administration from Trieste to Vienna where, on May 25, 1907, the first general assembly of Vienna took place. The last expansion in the company's lines took place in 1912 with the Trieste-Shanghai express line.

Austrian Lloyd was dissolved at the end of World War I and an Italian government commissioner was appointed as a provisional director. After the war, some of the company's operations continued from the port of Trieste under the name Lloyd Triestino, which officially changed to Italia Marittima on March 1, 2006. The Austrian company resumed when the articles of association for the new Austrian Lloyd were drafted on March 7, 1951.

See also

External links

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