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Construction on the first of a string of 10 small container ships could begin as early as April, but officials with American Feeder Lines said they were still looking for financial backing before they launch short-sea container service on the Atlantic coast.
If successful, AFL could become the first major player on the American marine highways. According to Percy R. Pyne IV, chairman and founding partner of AFL, the U.S. has the longest coastline in the world without coastwise shipping for moving domestic cargo and international containers. AFL expects to replicate the kind of shipping services that operate in virtually every other major maritime countries.
The Journal of Commerce Online
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