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48. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATED COMPANIES (cont'd)

Details of subsidiaries, joint venture and associated companies of the Group are as follows :
     
 
 
Effective group
equity interest
  
Country of
incorporation/
Place of
operation
  
Subsidiaries
2002
%
  
2001
%
  
Principal activities
 
Indirect Interest (cont'd) :            
             
APL Scandinavia A/S ++ 60   60   Denmark Shipping and
transportation
APL Sweden AB ++ 60   60   Sweden Shipping agency
American Automar, Inc. + 100   100   United States
of America		 Investment
holding
American Consolidation Services Europe Limited +++ —   100   United Kingdom Liquidated
American Eagle Tankers Agencies, Inc. +++ 100   100   United States
of America 		Lightering
services
American Eagle Tankers UK Limited +++ 100   100   United Kingdom Commerical
operations
American Marine and Offshore Services Ltd +++ 100   100   Cayman Islands Brokerage
services
American President Lines (China) Co., Ltd. ++ 100   100   China Cargo brokerage
American President Lines (Costa Rica), S.A. ++ 100   100   Costa Rica Shipping agency
American President Line (APL) de Puerto Rico Inc. 100   —   Puerto Rico Shipping agency
American President Lines, Ltd +++ 100   100   United States
of America		 Ocean carrier
American President Line Norway AS ++ 60   60   Norway Shipping and
transportation
Centenary Shipping Pte Ltd 60   —   Singapore Ship operating
Centro de Distribucion S.A. 50   —   Costa Rica Logistics services
Chemate (HK) Ltd ++ —   51   Hong Kong SAR Liquidated
Controladora APC Mexicana, S.A. de C.V. +++ 100   100   Mexico Dormant
Cormorant Shipholding Corporation + 100   100   United States
of America		 Shipowning and
chartering
Crystal Shipowning Co Pte Ltd 65   65   Singapore Shipowning
Distribuidora y Marketing Directo S.A. 100   —   Chile Investment
holding
Eagle Intermodal Ltd +++ 100   100   United States
of America		 Investment
holding
Eagle Marine Services, Ltd +++ 100   100   United States
of America		 Stevedoring
Eagle Shipmanagement Pte Ltd 100   —   Singapore Chartering
Factors Alpha Shipping (S) Pte Ltd 100   100   Singapore Shipowning
Far East Bunkering Services Pte Ltd 55.6   55.6   Singapore Bunkering
operator
Gibson Shipholding Corporation + 100   100   United States
of America		 Shipowning and
chartering
Global Port and Terminal Services Limited ++ 99   99   Hong Kong SAR Master
stevedoring/
terminal
operations
Grupo SLTC S.A. de C.V. + 70   70   Mexico Maintenance
& repair
HKT Transportation Company Limited ++ 100   100   Hong Kong SAR Transportation
Harlink, Inc. 100   —   United States
of America		 Lightering
services
International Intermodal Express, Ltd + 100   100   Bermuda Non-vessel
operating
common carriers
Merlin Shipholding Corporation + 100   100   United States
of America 		Shipowning and
chartering
MTL Petrolink Corporation 100   —   United States
of America 		Lightering services
NAS Management Pte Ltd 100   —   Singapore Bunkering
operator
NOL (Belgium) NV ++ 100   100   Belgium Under liquidation
NOL Properties (India) Private Limited ++ 100   100   India Property
investment
NOL Properties USA Inc 100   100   United States
of America		 Real estate
investment
NOL Realty Inc ++ 100   100   United States
of America		 Real estate
development
Natomas Real Estate Company +++ 100   100   United States
of America		 Real estate
development
Nautical Express, Ltd +++ 100   100   United States
of America		 Dormant
Neptra Shipping Pte Ltd 100   100   Singapore Shipowning
Neptune Travel Services Pte Ltd 75   75   Singapore Dormant
Neulink, Inc. 100   —   United States
of America		 Lightering
services
New Logistics Holdings Corp. +++ 100   100   United States
of America		 Investment
holding
OMIP, Inc. 100   —   United States
of America		 Lightering
services
Offshore Marine Services, Inc. 100   —   United States
of America		 Lightering
services
Orient Container Transportation Pte Ltd 100   100   Singapore Dormant
Osprey Ship Management, Inc + 100   100   United States
of America		 Ship management
Oy APL Shipping Finland AB ++ 60   60   Finland Shipping and
transportation
P.T. APL Logistics Indonesia + 95   95   Indonesia Logistics services
P.T. Inti Trident Infotech + 95   95   Indonesia Dormant
Pelican Offshore Services Company Inc. +++ 100   100   United States
of America		 Lightering
services
Pescara Pte Ltd —   100   Singapore Shipowning
Phil Delta Holdings Incorporation ++ 100   100   Philippines Property
investment
Phil Eta Holdings Incorporation ++ 100   100   Philippines Property
investment
Phil Sigma Holdings Incorporation ++ 100   100   Philippines Property
investment
Phil Theta Holdings Incorporation ++ 100   100   Philippines Property
investment
Pioneer Intermodal Container Services Co., Ltd ++ 100   100   Thailand Under liquidation
See Change Technologies (Bermuda), Ltd. +++ —   100   Bermuda Liquidated
Specargo Forwarding (S) Pte Ltd + 100   100   Singapore Dormant
Tarago Shipholding Corporation + 100   100   United States
of America		 Ship operating
Tern Shipping Corporation 100   —   United States
of America		 Shipowning and
chartering
Titus Shipholding Corporation + 100   100   United States
of America		 Shipowning and
chartering
Trident Towers Realty (HK) Limited ++ 100   100   Hong Kong SAR Property
investment
Trilith Shipping Pte Ltd 65   65   Singapore Shipowning
Trilithon Shipping Pte Ltd 65   65   Singapore Shipowning
Tsui Ching Ltd ++ 100   —   Hong Kong SAR Ship operating
Unit Distribution of East Hanover, Inc. +++ —   100   United States
of America		 Liquidated
Vascor Mexico, S.A. de C.V. +++ 49.5   —   Mexico Logistics services
Vascor, Ltd + 50   50   United States
of America		 Logistics services
   
   
 

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