The story
Australian National Line was formed on 1 October 1956 as the Australian Coastal Shipping Commission with the passing of the Australian Coastal Shipping Commission Act. The organisation took about forty ships previously operated by the Australian Shipping Board, which had been formed in 1946 by the federal government.
In March 1969, ANL commenced operating services to Japan in a joint venture with K Line.
In 1974, the Australian Coastal Shipping Commission was renamed the Australian Shipping Commission in recognition of its international role, it continued to trade as ANL.
Privatisation
ANL was converted into a public company in 1989 via the ANL (Conversion into Public Company) Act 1988, although it remained government-owned. In 1991, the Hawke government announced its intention to privatise ANL following poor financial performance. The Keating government passed the ANL Guarantee Act 1994 and commenced a restructuring of ANL in 1995 to prepare it for sale. A deal to sell it to P&O collapsed after the Maritime Union of Australia threatened a national strike in the lead up to the 1996 Australian federal election.
In December 1998, the Howard government sold ANL's liner shipping business to CMA CGM with two ships: Australian Endeavour and Australian Enterprise. In May 1999, the bulk shipping business was sold to Auscan Self-Unloaders, a subsidiary of Canada Steamship Lines, with two ships: River Torrens and River Yarra.
The residual assets of four leased ships on long-term sub-charter; alumina carriers River Boyne and River Embley and Bass Strait vessels Searoad Tamar and Searoad Mersey, were placed in the custody of the Australian River Company Limited. Searoad Tamar and Searoad Mersey were sold in June and September 2005 to their charterer, Patrick Shipping, while River Embley and River Boyne were sold to Singapore for scrap in May and August 2012. The Australian River Company Limited was wound up in 2015.
From Wikipedia’s article on Australian National Line, shared under CC BY-SA 4.0.4