Deficit-making APL continues cost reduction efforts
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.
BY TOMAS KRISTIANSEN
Five years of deficits have forced one of the world's largest container carriers, Singapore's APL, to implement cost reduction measures and divest assets, and even though the results show improvements, the carrier plans to stick to this course, an APL spokesman tells ShippingWatch in a comment on the interim report, published last week.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Alphaliner: Will Maersk Line acquire APL?
For subscribers
Container shipowners in new rate-turmoil in 2015
For subscribers
Japanese logistics companies buy their way into global top
For subscribers
