SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
November 6, 1997
APL LIMITED
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction
of incorporation)
1-8544 94-2911022
(Commission File No.) (IRS employer identification no.)
1111 Broadway, Oakland, California 94607
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(510) 272-8000<PAGE>
ITEM 5. OTHER EVENTS.
APL Limited (the "Company") confirmed that the United
States Secretary of Transportation's 20-day period to review
the decision of the United States Maritime Administration
("MarAd") approving the transfer of nine Maritime Security
Program Operating Agreements to American Ship Management LLC
and related MarAd decisions has expired. The Company expects
to complete its merger with Neptune Orient Lines Limited
("NOL") on November 12, 1997.
NOL has announced that it intends to withdraw from the
Grand Alliance and intends to form a new alliance with Mitsui
OSK Lines, Ltd. and Hyundai Merchant Marine Co. Ltd. It is
anticipated that the Company will join this new alliance after
consummation of the merger. Discussions with Orient Overseas
Container Line ("OOCL") regarding joining the new alliance are
still in progress. Further, the Company has given notice that
it intends to withdraw from the Global Alliance agreements
related to the Asia-Europe and Asia-U.S. East Coast trades as a
result of the change of control of Nedlloyd Lines B.V. pursuant
to provisions of those agreements allowing for such
withdrawal.<PAGE>
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly autho-
rized.
APL LIMITED
By: /s/ Maryellen Cattani
Name: Maryellen Cattani
Title: Executive Vice President,
General Counsel and
Secretary
Date: November 6, 1997
