APL

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.

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.
25 Mar 2015
APL issued an upbeat customer advisory Wednesday about conditions at Los Angeles-Long Beach, saying that while many ships remain at anchor off the coast, the pace of cargo handling is noticeably picking up.
16 Mar 2015
The average ship turnaround time at the Los Angeles-Long Beach port complex in the fourth quarter was twice that experienced by carriers in August, with the congestion during the three month period costing carriers an estimated $150 million, or $1.5 million per weekly service, according to analysis by Drewry.
17 Feb 2015
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.
APL in Port of Los Angeles
13 Feb 2015
Neptune Orient Line’s container division APL recorded a before tax loss of $37 million in the fourth quarter as the U.S. West Coast port congestion saw volumes fall and forced the carrier to cut sailings on its most important trade.
APL Gwangyang at Port of Singapore
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
Low bunker fuel prices are helping container shipping line balance sheets, but another impact will be improved schedule reliability as carriers can afford to speed up vessels to make up time lost to rising congestion at many ports around the world.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
11 Dec 2014
Hapag-Lloyd is conferring with its partners in the G6 Alliance on plans to order larger container ships in the next year, but even as it does so the need for bigger ships may be changing because of the recent drop in bunker fuel prices.
03 Dec 2014
Citing congestion, the G6 Alliance will omit eastbound calls at the Port of Los Angeles for four straight weeks, starting Jan. 1
24 Nov 2014
The Philippine’ cabinet cluster on port congestion directed by cabinet secretary Jose Rene Almendras will gather for a port forum on November 27 in Manila as officials struggle to address the bottlenecks that have troubled the gateway since late February.
05 Nov 2014
APM Terminals is postponing its “main strategic event in 2014” — the opening of a state-of-the-art container terminal in Rotterdam — to 2015.