Canadian Pacific Limited - Ships

Ships

CP Ships began with steam freighters on the Great Lakes in 1883 and chartered ships in the Pacific in 1886, but CP Ships did not begin until April 28, 1891, when the first of its Empress ships started Trans-Pacific operations. It started Trans-Atlantic operations in 1903. With the diminishing role of ships as airlines took over transcontinental travel, CP Ships focused its operations to shipping goods. CP Ships began container shipping in 1964, with ships able to carry 12 containers. In 1984 CP co-founded the container shipping company Canada Maritime. They acquired the company fully in 1993. CP Ships' growth strategy was to acquire different shipping lines and integrate them into a company composed of many small sectors. Until the end of their history right before they were bought by Hapag Lloyd, almost all the acquisitions were retained as separate brands. CAST (Canadian Atlantic Sea Transport) was acquired in 1995. Contship Containerlines and the American company Lykes Lines were acquired in 1997. 1998 saw the acquisition of Ivaran (which was not retained as a separate brand) and Australia New Zealand Direct Line. TMM (Transportacion Maritima Mexicana), also known as Linea Mexicana, and CCAL (which was not retained as a separate brand) were bought in 2000. In 2002 CP Ships acquired Italia Line, which used to be owned by the government's Finmare Group and was owned by D'amico at the time of purchase. CP Ships was spun off as a separate entity from CP in 2001, and acquired by Hapag-Lloyd in 2005. Hapag Lloyd parent TUI intends to integrate CP Ships into Hapag Lloyd to form a super shipping group. At the time of acquisition they also owned Montreal Gateway Terminals. In July 2006 the CP Ships name disappeared into a single container shipper Hapag-Lloyd AG.

Stock Code: TEU Headquarters: Hamburg, Germany