Österreichischer Lloyd" was originally founded in 1836 and one of the biggest shipping companies in the world at the turn of the century. With the demise of the Austro-Hungarian Empire in 1918, ÖL ceased to exist and was re-born shortly after the Second World War as a shipowning company. In 1991, the two Managing Partners Mag. Hans-Georg Wurmböck and Capt. Eberhard Koch, established a shipmanagement subsidiary, both for in-house as well as third party vessels.