Marine Link
Saturday, March 17, 2018

Neptune Orient Lines Sells Logistics Business

Maritime Activity Reports, Inc.

May 29, 2015

Photo: APL Logistics

Photo: APL Logistics

Neptune Orient Lines sells APL Logistics to Kintetsu World Express
Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.
NOL said it will announce the final purchase price after such adjustments have been determined.
Maritime Reporter Magazine Cover Mar 2018 - Annual World Yearbook

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News