Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
SINGAPORE (Dow Jones) –Container shipper Neptune Orient Lines Ltd. (N03.SG) said Monday it plans to sell its headquarters building in Singapore to raise funds for strategic investments.
In a statement, NOL said it has appointed real-estate consultancy Jones Lang LaSalle to market the 26-floor building, located at Alexandra Road in southern Singapore. The company hasn’t yet set a reserve price for the sale, and didn’t specify a time frame for the planned sale.
NOL, which has about 500 staff in the building, will put off a decision on whether to relocate its employees or remain in the building as a tenant until a buyer is identified.
– Chun Han Wong, Dow Jones Newswires
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