News / APL's first quarter disappoints, as excess tonnage cascades onto intra-Asia routes

15/05/2014

Singapore-headquartered Neptune Orient Lines’ container arm, APL, is yet another carrier hobbled by the nemesis of low freight rates in the first quarter, plunging the group to a net loss of $98m after a full-year loss of $76m in 2013.

Interestingly however, it was not the ...

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