K-LINE and APLL reached a settlement on the misinformation of bankruptcy

Do you still remember the rumors that "K-LINE will be filed for bankruptcy reorganization" at the end of September 2016? On December 22, 2016, Japan's Kawasaki Kisen Kaisha, Ltd. filed a civil lawsuit against the Tokyo District Court for APL Logistics Ltd (APLL).
It is understood that Japan Kawasaki Steamship Co., Ltd. was established in 1919. K-LINE is not only one of the three largest shipping companies in Japan but also one of the top ten shipping companies in the world. The group is mainly engaged in the maritime industry. In addition to its large-scale professional transportation fleets with world-class levels, it also operates terminal business and third-party logistics business.

At the end of September 2016, some employees of APLL issued a message to K-LINE Agency by mail, stating that there is a significant bankruptcy risk for K-LINE, showing strongly recommendation that customers terminate the company's cabin reservation and change the shipping space of other shipping companies. And the spread of this matter, it is Han Jin Shipping's application for court bankruptcy protection. This incident caused global logistics confusion. Therefore, the spread of this information is very extensive, which has a great impact on the reputation and economy of K-LINE.

On July 25, 2018, K-LINE issued a notice stating that APLL and its parent company, Kintetsu Express, admitted that the mail was misleading, and deeply regretted to this issue, showing a sincere response to the incident. At present, K-LINE has......

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http://sowoll.com/en/blog/post/393-k-line-and-apll-reached-a-settlement-on-the-misinformation-of-bankruptcy
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