American President Lines
Logistics and Shipping Company / From Wikipedia, the free encyclopedia
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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.[1]
Quick Facts Company type, Industry ...
Company type | Subsidiary |
---|---|
Industry | Container shipping |
Founded | 1848; 176 years ago (1848) in New York City, United States |
Founder | William Henry Aspinwall |
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 |
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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.[2] 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.[3][4]