N03 - Neptune Orient Lines Limited

Neptune Orient Lines Limited (NOL) is an investment holding company engaged in the ownership and charter of shipping vessels, including participation in ventures related to these activities. NOL also engages in other incidental activities, such as the sales and disposals of shipping vessels, containers and related assets, as well as non-core properties and assets from time to time. It operates through two segments: Liner and Logistics.

Liner includes global container transportation operations. It offers container shipping services in trade lanes, such as Transpacific, Intra-Asia, Transatlantic, Latin America and Asia-Europe. Logistics is a global logistics provider offering a network of facilities and services to support the global supply chain management needs of customers. The range of services include consolidation, global freight management, international deconsolidation and information technologies that provide information to manage supply chain activities.

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SUMMARY

Industry Marine Transport
Address 456 Alexandra Road NOL Building #06-00 Singapore 119962 Singapore
Phone 6562789000
Fax 6562784900

NEWS

  • October 18, 2008 - Choppy waters ahead for box carrier NOL1 - Worries about the markets and concerns over container line operating conditions weigh down counter. Mirroring the gloom and doom discussions that dominated the Singapore Maritime Week, Singapore's biggest container line NOL ended the week at a year-low of $1.50 yesterday.
  • October 14, 2008 - NOL ships 6% more boxes - Neptune Orient Lines (NOL) said it carried 6 per cent more containers on its ships in the four weeks to Sept 19 from a year ago. It said in a statement yesterday that its shipping arm APL carried the equivalent of 204,000 40-foot containers on its ships during the same period.
  • October 1, 2008 - NOL shares fall to lowest in more than 2 years2 - NOL, South-east Asia's largest shipping line, plunged to the lowest in more than two years in Singapore trading on concerns over slowing global trade and a bid to buy TUI AG's Hapag-Lloyd AG container-shipping unit.
  • September 30, 2008 - NOL, Hamburg party declare battle over Hapag-Lloyd3 - THE cards are on the table now for the Hapag-Lloyd bid, with both NOL and the Hamburg consortium officially declaring they have made binding bids for the container shipping business of Germany's TUI.
  • September 20, 2008 - NOL will definitely bid for Hapag-Lloyd: report4 - Singapore's Neptune Orient Lines (NOL) will definitely bid for TUI container shipping unit Hapag-Lloyd, German paper Welt am Sonntag reported, quoting NOL chief executive office Ronald Widdows. Mr Widdows said his company would bid for Hapag-Lloyd by Sept 26, but added that the chances of TUI selling the business were only 50 per cent, according to the report.
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