Albyn Line Ltd

The Albyn Line was founded as a private company in Sunderland in 1901 with Sir William Allan (1837-1903) as its chairman. After his death, Sir James (later Lord) Joicey (1846-1936) succeeded him. From then until the dissolution of the company in 1966 the office of chairman was filled by members of the Joicey family. Following a management contract in 1901 between the new company and the already existing firm of Allan Black and Company, the latter's managing director and managers took over these posts in the new company as well. The pattern of Albyn Line trade was South Welsh or Tyne coal outwards to the Continent or Port Said, and after discharge in ballast through the Dardanelles to Odessa to load grain for London or the Continent. Other areas served occasionally were the River Plate and the Gulf of Mexico. At the outbreak of the First World War the company owned four vessels. Apart from one which was detained by the Turks for the duration of the war, all the others were lost in 1917. Until 1924 the Albyn Line operated with only one ship and the voyages tended to be of longer duration. During this period its income was supplemented by the profits of its shipping agency business. Two ships were built in 1924 and 1925, and in 1928 and 1929 four more new ships were immediately laid up because of the depression. As in 1914, the Albyn Line entered the Second World War with four ships, only one of which survived. In the 1950s three motor ships were built and they were chartered to liner or tramp companies. From 1961 trading conditions became less and less profitable and in 1966 the firm went into voluntary liquidation.