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):
June 25, 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.
On June 25, 1997, APL Limited (the "Company") issued the
press release attached as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
99. Press Release dated June 25, 1997.<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: June 25, 1997<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
99. Press Release dated June 25, 1997
FOR IMMEDIATE RELEASE CONTACT: John Pachtner
June 25, 1997 510-272-7208
APL TODAY, JUNE 25, FILED AT MARAD FOR TRANSFER OF MSP
OPERATING AGREEMENTS TO AMERICAN SHIP MANAGEMENT, LLC.
Oakland, Calif., June 25, 1997 -- APL Limited (NYSE: APL) an-
nounced today that its shipping unit, American President Lines,
Ltd., has submitted a notice to the U.S. Maritime Administra-
tion (MarAd) detailing plans to transfer its nine Maritime
Security Program Operating Agreements to American Ship Manage-
ment, LLC. (ASM), which will be an independent, newly formed,
U.S.-owned and operated company. The filing requests that
MarAd allow the transfer to become effective at the time of
consummation of the planned merger between APL and Neptune
Orient Lines Ltd. (NOL), a Singapore-based company. The filing
seeks to implement the criteria specifically established by
MarAd in its January 21, 1997 letter to APL.
In addition to the approval of MarAd, the merger remains sub-
ject to customary conditions, including the approval of APL's
shareholders and review under the Exon-Florio Amendment. The
APL shareholders meeting to consider approval of the merger has
been set for August 28, 1997. APL and NOL expect to resubmit
their application for Exon-Florio review at an appropriate time
so that it can proceed on a parallel timing track with MarAd's
review. Concurrent with the notice filed today, APL's shipping
unit also submitted a request to transfer the remaining portion
of its Operating Differential Subsidy contract to ASM. This
contract expires December 31, 1997. APL and NOL expect to con-
summate their merger in the fall of 1997, following receipt of
regulatory approvals.
APL provides worldwide container transportation and logistics
through an integrated network combining high-quality intermodal
services with state-of-the-art technology.
This release is available on the "Current News" page of APL's
Internet web site (www.apl.com).
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