NOL, APL TRANSFER ASSETS TO BERMUDA COMPANY
Singapore-based Neptune Orient Lines, the parent company of APL, has
transferred substantial assets to APL (Bermuda) Ltd.
According to NOL, APL (Bermuda) Ltd. held investments of S$1.2 billion
(US$727 million) at the end of 1998, compared to S$633 million in 1997.
APL declined to comment on the role of the APL (Bermuda) Ltd. and on
the assets held within the offshore entity.
APL (Bermuda) Ltd. is the largest direct-interest subsidiary of the NOL
group. NOL controls 100 percent of the equity of the company.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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