APL has introduced a new weekly service, deploying three 1,700 teu vessels between Central America and the East Coast of the US.

Neptune Orient Lines (NOL) narrowed its losses to $11m in the first quarter of the year despite a 13% fall in revenues.

Terminal handling charges and intermodal transport costs are taking up more than 50% of a vessel’s single voyage operating cost, according to president of APL Kenneth Glenn, as oil prices fall and ports raised charges.

Three container carriers, APL, Mistui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK), will jointly launch a new service between Asia and South America.

The G6 Alliance has pulled two of its Asia-US West Coast services, with APL continuing one service independently, under changes implemented as part of the group's Asia- North America summer programme.

Neptune Orient Lines (NOL) has confirmed it is selling APL Logistics for $1.2bn to Japan’s Kintetsu World Express (KWE).

Reports from Japan say Neptune Orient Lines (NOL) is to sell APL Logistics for around JPY140bn ($1.2bn) to Kintetsu World Express.

Neptune Orient Lines (NOL) says it has no plans to stop slow steaming even given the lower bunker price and believes it will continue for “quite some time”.

Neptune Orient Lines’ (NOL) losses continued in the third quarter with the company $23m in the red compared to a net profit of $20m a year earlier, hit by port congestion in Southern California.

CJ Korea Express has confirmed it is looking at the possible acquisition of APL Logistics.