Independent journal on economy and transport policy
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group NOL will sell the APL Logistics to the Kintetsu Japanese Express World for 1,2 billion dollars
the cession will be capacity to term within the next june
February 17, 2015
The group Neptune Orient Lines (NOL) of Singapore has signed an agreement with the Kintetsu Japanese World Express (KWE) in order to yield them the entire capital of the APL Logistics for 1,2 billion dollars. With the sale the operating activity of the group singaporean will centralize on the services of marine transport containerized acts from branch APL with a fleet constituted (to end 2014) from 96 portacontainer for a total ability of cargo of 574 thousand teu (included five ships from 14.000 teu rented MOL).
"This - it has confirmed the president and managing director of the NOL, Ng Yat Chung - is a strategic initiative that line transport will allow us to meanwhile concentrate on the development of our activity in the field de and will allow to APL Logistics to grow".
Currently Core business of the KWE, society that has as reference shareholder the Japanese group Kintetsu Corporation and is participated between other by the shipowning group Japanese Mitsui O.S.K. Lines (MOL), is constituted by the air shipment services and marine, in this last segment mainly as Non-Vessel Operating Common Carrier (NVOCC), and from the logistic services. With acquisition KWE it intends to propose itself as one of the main operators on the world-wide market of the logistics. "From 2013 - it has explained the president and managing director of KWE, Satoshi Ishizaki - we have placed in existence a strategy in order to consolidate our international presence in particular in the USA and Asia. This transaction is adapted perfectly to our strategy. It is our intention - it has specified - to maintain the headquarters of APL Logistics to Singapore and to manage it as independent company".
According to the forecasts, .
Last year the logistic activities of group NOL have generated revenues in order almost 1,7 billion dollars, with an increase of +5% on 2013 ( on 13 February 2015).
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The group Neptune Orient Lines (NOL) of Singapore has signed an agreement with the Kintetsu Japanese World Express (KWE) in order to yield them the entire capital of the APL Logistics for 1,2 billion dollars. With the sale the operating activity of the group singaporean will centralize on the services of marine transport containerized acts from branch APL with a fleet constituted (to end 2014) from 96 portacontainer for a total ability of cargo of 574 thousand teu (included five ships from 14.000 teu rented MOL).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
