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.

04 Jan 2016
Former American President Lines CEO W. Bruce Seaton, who pioneered the post-Panamax container ship and scheduled transcontinental stacktrains, died Dec. 26 at the age of 90 in Greenbrae, California.
16 Nov 2015
There is little prospect of a bidding war for NOL between prospective suitors Maersk Line and CMA CGM as the risks involved in acquiring a loss-making line in a weak market will lean heavily on the sale price, Drewry believes.
10 Nov 2015
Difficulties in estimating Neptune Orient Lines’ valuation, its unprofitability and the steady loss of market share by its APL container division will make a proposed sale of the Singapore-listed company no easy task.
06 Nov 2015
CMA CGM declined to comment on reports it is in advanced negotiations to acquire Neptune Orient Lines, the Singapore-listed owner of ocean carrier APL.
30 Oct 2015
NOL’s third-quarter results were awash in red ink as the Singapore-listed company reported a third-quarter net loss of $96 million, down 300 percent compared to the same period last year as rate levels tumbled on the major trades.
28 Oct 2015
APL has agreed to pay $9.8 million to the U.S. government to resolve allegations that the carrier misrepresented its ability to track containerized military shipments from Pakistan to Afghanistan.
23 Oct 2015
Singapore-based container carrier APL announced it is discontinuing an existing call at Fujairah, United Arab Emirates, on its Middle East Express, or SMX, service, effective this month.
14 Oct 2015
Container carrier APL announced it is upgrading its New Zealand Express, or NZE, service by adding a direct northbound call at Brisbane, Australia.
12 Oct 2015
Singapore-based APL has added a new connection to its recently announced Eagle Express service between Asia and the U.S. that will link the islands of Guam and Saipan to Yokohama from Nov. 24.
24 Sep 2015
Foreign shipping lines have expressed concern about a proposed Vietnam government decree that will require shipping companies to publicize their freight tariffs to protect exporters and importers.
20 Aug 2015
Singapore-based container carrier APL has introduced a new, dedicated intra-Asia service in another sign of the seemingly insatiable demand for services on the trade.
14 Aug 2015
More ocean carriers have announced emergency surcharges for Jawaharlal Nehru Port-bound cargo to offset extra costs caused by the week-long shutdown of APM Terminals’ Gateway Terminals India.