APL is a wholly owned subsidiary of Singapore-based Neptune Orient Lines (NOL) and one of the world’s leading global transportation companies. APL offers more than 90 weekly services and call ports in over 50 countries worldwide.
A former APL CEO will lead the sale of CMA CGM's terminal assets, writes Alphaliner. The sale is aimed at relieving the large debt accrued from acquiring Ceva, and, according to Bloomberg, China Merchants seems to be the favorite among potential buyers.
Three liner companies agree that the carriers' extra costs triggered by the new fuel regulations should be pushed onto customers – an approach that mirrors Maersk Line's decision this week to announce new bunker adjustment factor.
Two container vessels from APL and Wan Hai have collided off the port Pasir Guadang in Malaysia late Tuesday, report several media. Upwards of 300 tons of bunker oil were spilled from one of the vessels.
Japan's K Line has filed a lawsuit against APL Logistics, claiming that employees at the Singapore-based logistics company spread false rumors a few weeks after the collapse of Hanjin Shipping that K Line was similarly on the verge of collapse.
Singapore-based carrier APL has improved its performance after being acquired by CMA CGM. Freight volumes in the third quarter of the year grew 9.9 percent, aided by more than 20 partnership agreements with CMA CGM.
To store asiatiske containerrederier siger nu nej tak til at sejle med containere, der indeholder de berygtede Samsung Galaxy Note 7 smartphones. Telefonen er blevet tilbagekaldt, da flere af dem er selvantændt på grund af fejl i batteriet, skriver Journal of Commerce.
The container carriers gathered in Clean Cargo Working Group, featuring prominent members such as Maersk Line and MSC, have managed to reduce their combined CO2 emissions by around one third since 2009, according to a new report.
The container carrier Neptune Orient Lines which globally operates under the APL brand, has been rumored for months to be a candidate for acquisition and the sale has now presumably begun, writes Wall Street Journal.
The generalized Shanghai Containerized Freight Index has dropped 25 percent over the past five years and up until today. Read on to learn how select carriers like Hapag-Lloyd and Maersk Line have performed in this period.
Singapore-based container carrier APL, currently mentioned as a potential acquisition subject, plans to stick to the course set by the deficits booked in recent years. More cost reductions underway, the carrier tells ShippingWatch.
Singapore-based container carrier APL, which has lost around USD 1.5 billion over the past five years, represents an obvious acquisition subject in the industry, according to Alphaliner, which points to Maersk Line, UASC and CMA CGM as some possible buyers.
Det Singapore-baserede containerrederi APL, der har tabt omkring 10 milliarder kroner inden for de seneste fem år, er et oplagt opkøbsemne i industrien, vurderer Alphaliner, der nævner Maersk Line som en mulighed.