Singapore-based Neptune Orient Lines (NOL), owners of American President Lines (APL), has confirmed it is holding “pre-acquisition talks” on a separate stand point with both Maersk and CMA CGM over the sale of the company, Asia Cargo News correspondent Paul Richardson has reported.

NOL insists the talks are “on a preliminary acquisition level and should not be regarded as anywhere near the finalization status in the case of either line.”

Latest news on the possible acquisition suggests that an agreement is close to finalizing with Maersk emerging as the favourite to pull off the deal.

For further details, see the next issue of Asia Cargo News.