APL

APL is the world’s seventh-largest container shipping company founded in 1848 with approximately 150 vessels, operating in over 140 ports worldwide. The company employs more than 13,000 individuals.

APL, which is a wholly owned subsidiary of Singapore-based NOL Group — one of the Top 50 global transportation and logistics companiesposted revenues of US$8.83 billion in 2013, down 7.2 percent from the previous year. The company recorded a net loss of $76 million, down 81.5 percent from the previous year’s net loss of $412 million.

APL was the fourth-ranked container carrier in U.S. containerized import trade in 2013, with volume of 1,235,623 TEUs, down 1.4 percent year-over-year, giving it market share of 6.8 percent. It was No. 5 in U.S. containerized export trade in 2013, with volume of 784,135 TEUs, down 0.5 percent year-over-year, and market share of 6.1 percent. For more carrier rankings, see the JOC’s Top 40 Container Carriers special topic.

30 Jul 2015
Low Asia-Europe spot rates have forced NOL Group to renegotiate contract rates with some shippers.
30 Jul 2015
LONDON – NOL Group swung to a net profit of $890 million in the second quarter from a $54 million loss a year ago, almost entirely due to the gain from the sale of APL Logistics to Japan’s Kintetsu World Express.
20 Jul 2015
A notice to the Singapore Exchange by Neptune Orient Lines stating that it had not decided to sell has hardly closed the door on the topic.
16 Jul 2015
Reports in the past twenty four hours that Hapag-Lloyd has hired investment banks to advise on an initial public offering and the Singapore government is selling its majority stake in Neptune Orient Lines have refuelled speculation of a merger between the two ocean carriers.
APL container ship docked at Port of Oakland, June 2015
07 Jul 2015
APL announced Monday that its PA2 service from North Asia will skip calls to the Port of Oakland through the end of July because of the port’s congestion problems.
Port of Philadelphia reefer handling
26 May 2015
After a double-digit gain in refrigerated container volume in the first quarter, the Port of Philadelphia is set to gain even more reefer traffic as a result of two new services to Latin America and possibly grab more U.S. East Coast market share.
20 May 2015
Maersk’s SeaLand brand focused on Americas trade on Wednesday said it would tie-up with APL to launch a weekly service connecting Colombia, Panama and the U.S. East Coast, starting as soon as next month.
19 May 2015
Container carrier APL said it will replace its current Singapore West Asia Express (SWX) service in the intra-Asia trade with a new weekly service, branded the Asia Sub-continent (AS1), starting at the end of this month.
13 Apr 2015
APL is reorganizing the port rotation of its intra-Asia service — West Asia Express, or WAX — effective this month.
06 Apr 2015
Rumors of a merger of APL and Orient Overseas Container Line were “probably not more than hot air,” and even if true would not affect container shipping overcapacity, Drewry Maritime Research says.
01 Apr 2015
Orient Overseas International Ltd.'s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.