As filed with the Securities and Exchange Commission on November 18, 1997. Registration No. 33-50893 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 APL LIMITED (Exact name of registrant as specified in its charter) Delaware 94-2911022 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) ____________________ 1111 Broadway Oakland, CA 94607 (510) 272-8000 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) ____________________ Timothy J. Windle Assistant Secretary APL Limited 1111 Broadway Oakland, CA 94607 (510) 272-8000 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copy to: Stanton D. Wong, Esq. Pillsbury Madison & Sutro LLP 235 Montgomery Street San Francisco, CA 94104 (415) 983-1000 ____________________ TERMINATION OF REGISTRATION Pursuant to the undertaking of the undersigned Registrant contained in its Registration Statement on Form S-3 (Registration No. 33-50893), the Registrant hereby removes and withdraws from registration all of the unsold Debt Securities registered under such Registration Statement, due to the acquisition of the Registrant by Neptune Orient Lines Limited on November 12, 1997. The amount of unsold Debt Securities so withdrawn is $100,000,000. The Registrant has no intention of offering such $100,000,000 in Debt Securities for sale to the public. SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has duly caused this Post- Effective Amendment No. 1 to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Oakland, State of California, on November 18, 1997. APL LIMITED By: /s/ Timothy J. Windle Name: Timothy J. Windle Title: Assistant Secretary