News / NOL faces tough decisions on box line future after any sale of APL Logistics

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Singapore’s Neptune Orient Lines (NOL), owner of the world’s eleventh largest container shipping line APL, and APL Logistics, has found itself between a rock and a hard place as it looks to sell its supply chain management operation.

If APL Logistics is sold at a high price, the resulting market value of the remainder of its assets portfolio, which would comprise its liner unit APL, may come under more pressure.

But if it doesn’t sell its logistics unit, the group may struggle ...