The High Court in London has appointed an administrator at Allseas Global Project Logistics, part of the Allseas Group freight and logistics company. Steven Parker and Joanne Rolls of Opus Restructuring were appointed in November, according to a court notice.

The company, based in Oldham, northwest England, launched a service between China and Europe at the height of the container shipping boom in mid-2021, through Allseas Shipping. The trade from Asia to Europe has suffered in recent months, with lower volumes and falling freight rates hitting operators with ships on hire at high rates.

As recently as June this year, Allseas fixed the 2,900-teu Windswept (built 2010) for three years, with delivery in August at around $47,000 per day. Allseas was one of several companies that entered the market as a carrier at the peak of the containership boom before pulling out of the market in September.

Another newcomer, China United Lines, withdrew its liner services this month.

Allseas has been contacted for comment.