AsiaContainers
K Line settles bankruptcy case with APL Logistics
Kawasaki Kisen Kaisha (K Line) has settled a long running lawsuit with APL Logistics over slanderous allegations that the Japanese carrier was close to bankruptcy a couple of years ago.
In September 2016, employees of APL Logistics sent erroneous emails to customers, claiming K Line was close to following Hanjin Shipping out of business. K Line responded, filing a lawsuit in Tokyo, demanding damages from APL Logistics and its parent, Kinetsu World Express.
K Line said in a release that the company has now reached an “amicable settlement” without stating any financial details of the settlement.