PORTLAND (AP) — The on-again, off-again container cargo shipping service in Maine’s largest port is off again.
New York-based American Feeder Lines says it has shut down because of a lack of volume and the loss of private investment nine months after setting up a container shipping service linking Portland, Boston and Halifax, Nova Scotia.
Chief Operating Officer Rudy Mack told the Portland Press Herald the service wasn’t generating enough cash flow to continue.
Maine businesses including White Rock Distilleries in Lewiston, L.L. Bean in Freeport, Schnitzer Steel Industries in Auburn and a half dozen paper mills used the service to receive and send out shipments by sea.
The company’s container ship is now anchored in Halifax, as lawyers and creditors decide the future of the ship and its cargo.
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