This is how Maersk can use an unprofitable Singapore carrier
When Singapore-based carrier Neptune Orient Lines (NOL) confirmed Tuesday that both Maersk Line and French CMA CGM had an interest in buying NOL's container shipping carrier APL, it caused a stir in the container industry and among shipping analysts. Since 2009, APL has been a chronically ailing company which has seen a declining market share in the carrier's most important market in the Pacific Ocean between Asia and the US.
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