American President Lines
APL, formerly called American President Lines Ltd., is an American container shipping company that is a subsidiary of French shipping company CMA CGM. It operates an all-container ship fleet, including nine U.S. flagged container vessels.
| Company type | Subsidiary |
|---|---|
| Industry | Container shipping |
| Founded | 1848 in New York City, United States |
| Headquarters | Arlington, Virginia, United States |
Area served | Worldwide |
Key people | George Goldman - President |
| Services | Container Shipping Terminals |
| Revenue | US$ 4.6 billion (FY 2016) |
Number of employees | 5,000 (2017) |
| Parent | CMA CGM |
| Website | apl |
In 1938, the U.S. government took over the management of the Dollar Steamship Co., which was in financial difficulties and transferred their assets to the newly formed American President Lines. In 1997, Singaporean shipping company Neptune Orient Lines (NOL) acquired APL, eventually moving APL's headquarters to Singapore. In 2016, CMA CGM acquired NOL, parent company of APL.
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