Neptune Orient Lines has sold APL Logistics to Kintetsu World Express for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.
17 Feb 2015
Neptune Orient Lines suspended trading this afternoon as news broke in Japan that its forwarding arm, APL Logistics, was to be bought by Kintetsu World Express for $1.2 billion.
25 Jan 2015
SingPost has acquired a 90 percent stake in New Zealand forwarder Famous Pacific Shipping as the regional e-commerce logistics specialist expands its Asia-Pacific footprint.
21 Jan 2015
It will be “better luck” this year for loss-making Neptune Orient Lines as plummeting bunker fuel prices give a huge boost to the company’s cost savings drive, according to investment bankers DBS Vickers.
19 Jan 2015
Hong Kong port ended a year it would rather forget with annual container throughput falling for a third consecutive time, registering 22.2 million TEUs in 2014 that was down 0.3 percent on the previous year's numbers.
14 Dec 2014
The long running investigation into Asia forwarders fixing fees and surcharges on Japan-Singapore routes between 2002 and 2007 was finally brought to a close with the Competition Commission of Singapore (CCS) handing out $5.4 million in fines.
11 Dec 2014
APL Logistics is moving closer to the checkout queue with three companies reportedly on the shortlist to buy the NOL Group logistics unit, one based in Korea and two U.S. firms.
10 Dec 2014
CEVA Logistics has become the latest global supply chain company to expand its warehouse presence in Singapore with the a new facility at Jalan Buroh near Jurong Port in the west of the city state.
02 Dec 2014
U.S. and Singapore shippers and transportation providers in their countries’ trusted trader programs are poised to see faster cargo processing after customs agencies from both countries yesterday signed two major agreements.
18 Nov 2014
A system aimed at expediting the customs clearance of goods traded between members of the Association of Southeast Nations will get its first test in in Malaysia, Singapore and Thailand.
17 Nov 2014
Hamburg Süd last week took delivery of the last of three 9,034-TEU ships and christened the second of them in Singapore and deployed it on its service between Asia and the East Coast of South America.