APL Logistics may find buyer in industry leader CJ Korea Express
KOREA's biggest logistics company CJ Korea Express Corp, says it is considering the purchase of Singapore's APL Logistics.
News came in a regulatory filing that it is weighing opportunities related to APL Logistics including merger or partnership.
Singapore's Neptune Orient Lines (NOL), parent of APL container shipping line, is hoping to sell its logistics division for US$750 million, people familiar with the matter told Reuters.