Asia Pacific Marine Container Lines

Credit Summary: RATING: AAA-1 (1) 2009 REVENUE: 272,594,000. [Canadian dollars] YEAR FOUNDED: 1870 EMPLOYEES: 1205 Asia Pacific Marine Container Lines (APMCL), a division of the Asia Pacific Group Canada, is an industry leader in marine dry bulk cargo handling and delivery services. It has vessels of different classes with capacity varying from 2,500 Twenty-foot equivalent units (TEU) to 8,063 TEU. The company began as wood, fur and gold traders on the St. Lawrence river, evolving into a dedicated marine carrier in 1870. The Asian component was added by Stanley Leung, a scion of the renowned Leung Maritime Group, previously traded on the Hang Seng (the Hong Kong stock exchange). Leungs served as the principal agent for the British Crown during World War I and after World War II. In 1949, Leungs diversified into shipping, pharmaceutical and construction, achieving phenomenal growth, coining the phrase “a little tiger”. It was in 1964 that Stanley Leung concluded long-running negotiations to forge a new shipping alliance based in North America and allowing Asia Pacific to offer services to major ports throughout Asia. Today, the Asia Pacific Group Canada, through its' various subsidiaries, divisions and affiliates, specializes in Ship Broking, Marine Insurance, Chartering and Bulk Chemical Logistical Solutions.