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APL Logistics withdraws 'K' Line dire straits tales as untrue - sort of

APL LOGISTICS said comments questioning the solvency of Japanese shipping giant "K" Line was employee specultions, and did not reflect the company's view,

APL Logistics withdraws 'K' Line dire straits tales as untrue - sort of
30 September 2016 - 22:50

APL Logistics withdraws 'K' Line dire straits tales as untrue - sort of
APL LOGISTICS said comments questioning the solvency of Japanese shipping giant "K" Line was employee specultions, and did not reflect the company's view, reports Lloyd's Loading List.
"These employees have since retracted their statements or are in the process of doing so," said the curiously worded official APL Logistics statement.
"On or around 20 to 21 September 2016, a small number of APL Logistics Group employees conveyed opinions to several customers that touch on the potential financial position or viability of 'K' Line," said the official response.
"The APL Logistics Group states unreservedly that it is not our practice to comment on the financial position of other market participants; neither in a negative nor positive aspect. The APL Logistics Group therefore does not endorse the comments made by these employees."
He said APL Logistics would continue to accept bookings for "K" Line "upon your request", referring anyone that wishes "to be apprised of "K" Line's financial position" to "K" Line's website.
Statements from APL Logistics, formerly the logistics division of container line APL, but now owned by Japanese logistics group Kintetsu World Express (KWE), follows angry statements last week from "K" Line, which said APL Logistics for circulating "false statements" about the company's financial condition.

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