APL Logistics to KWE

APL Logistics (APLL), which is owned by Japan’s Kintetsu World Express Group, has formed a joint venture with Omanbased Arab Global Logistics, and will use the operation to create a regional logistics hub in the country.

Global logistics service providers have a crucial role to play as their market evolves, and they must provide a wider range of top quality services.

The planned takeover of NOL (APL) by CMA CGM, and the merger of Cosco and China Shipping Group (CSG) into China Cosco Shipping Group,
not only have ramifications at sea, but also on land, and particularly in the US’s southern California ports.

French carrier plans to take APL out of the G6 Alliance and set up a new regional office in Singapore.

The Marseilles-headquartered shipping line is spending US$2.4B on its acquisition of APL.

It looks as if Singapore Exchangelisted NOL will be sold, and that Marseilles-based CMA CGM is in pole position to acquire it. On 22 November, an exclusivity agreement was signed between Lentor Investments, the largest shareholder in NOL, and the French line, giving the latter until 7 December, to complete its due diligence and table a formal offer.