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16 September 2021 The on-line newspaper devoted to the world of transports 16:59 GMT+2



JUNE 23, 1997

NOL SAYS MERGER DIFFERENT FROM REJECTED LYKES DEAL

It says APL's notice of transfer is consistent with US rules

By Marcus Hand

[SINGAPORE]

Neptune Orient Lines (NOL) has said that its proposed merger with American President Lines (APL) "is significantly different" from the Lykes Bros Steamship Co restructuring which was rejected by the US Maritime Administration (MarAd) on Friday.

Lykes had applied ......
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