Operations continued from Trieste under the name Lloyd Triestino; it in turn became Italia Marittima in 2006, and is now part of the Evergreen Group.

Originally the company answered the purpose to exchange information on European maritime trade and oversea markets, modelled on Lloyd's Register in London.

Relying on a network of business correspondents and newspapers circulating in the Port of Trieste, it issued shipping news and also undertook to provide postal services with sailing vessels supplied by the Austrian Navy.

Within a short period of its formation, the administration applied to Emperor Ferdinand I of Austria for the privilege of steam navigation with the Levant.

Soon after the opening of the Suez Canal, the company launched its Trieste–Bombay line and established a weekly service between Trieste and Port Said.