Note
Notes: Isbrandtsen Steamship Company
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 Co. (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. 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 1943, the joint venture ended; Isbrandtsen formed the Isbrandtsen Steamship Company while 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. 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 and bought American Export Lines in 1960.
Jakob Isbrandtsen formed the American Export-Isbrandtsen Lines in 1964 by merging his two shipping companies. In 1967, he formed American Export Industries, Inc., a holding company to manage American Export-Isbrandtsen Lines and all support for his fleet operations, including container services, port operations and fleet logistics. In 1971, American Export Industries spun off its holdings and returned to being the American Export-Isbrandtsen Lines. This merger ended in 1973.
Original or Copy: Original
Status: OK
Status By: dw
Status Date: 2012-05-01
