Independent journal on economy and transport policy
01:38 GMT+2
NOL SAYS MERGER DIFFERENT FROM REJECTED LYKES DEAL
(Shipping Times)
June 23, 1997
It says APL's notice of transfer is consistent with US rules
By Marcus Hand
[SINGAPORE]
Neptune Orient Lines (NOL) has said that its proposed merger with American President Lines (APL) "is significantly different" from the Lykes Bros Steamship Co restructuring which was rejected by the US Maritime Administration (MarAd) on Friday.
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