Monday, April 11, 2016
Maritime News

CMA CGM Offers Concessions to Get EU Approval for $2.4 Billion NOL Deal

BRUSSELS, April 11 – French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival...

April 11, 2016
Total Views: 18

Tuesday, December 15, 2015
News

NOL/APL… a missed opportunity for Maersk?

By Alessandro Pasetti (TheLoadstar) This month, Singapore container shipping line Neptune Orient Lines finally agreed to be acquired by France’s CMA CGM in a cash deal that values its equity...

December 15, 2015
Total Views: 6

Thursday, December 10, 2015
Maritime News

CMA CGM Chiefs Eye ‘Significant’ Operational Synergies in Plan for Integrating APL

By Mike Wackett,  (The Loadstar) On the assumption that CMA CGM’s acquisition of NOL receives the approval of anti-trust authorities next year, senior executives are drafting integration plans for the two...

December 10, 2015
Total Views: 9

Sunday, December 6, 2015
Maritime News

CMA CGM Set to Buy Majority Stake in NOL -Source

SINGAPORE, Dec 7 (Reuters) – France’s CMA CGM is set to buy a stake of almost 67 percent in Neptune Orient Lines from Singapore state investor Temasek Holdings, a source...

December 6, 2015
Total Views: 0

News

NOL Suspends Shares as M&A Talks Enter Final Day

SINGAPORE, Dec 7 (Reuters) – Shares of Singapore’s Neptune Orient Lines Ltd (NOL) were suspended on Monday as talks between French shipping giant CMA CGM SA to acquire NOL from...

December 6, 2015
Total Views: 1

Wednesday, December 2, 2015
Maritime News

CMA CGM Said to Seek Financing for Neptune Orient Takeover

By Joyce Koh (Bloomberg) — CMA CGM SA, the world’s No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for Singapore’s Neptune Orient...

December 2, 2015
Total Views: 1

Monday, November 23, 2015
Maritime News

Neptune Orient Lines Nears Seven-Month High on Takeover Talks

By Bloomberg News (Bloomberg) — Neptune Orient Lines Ltd. surged to its highest in almost seven months in Singapore trading after Southeast Asia’s biggest container shipper confirmed it’s in exclusive...

November 23, 2015
Total Views: 1

Wednesday, November 11, 2015
cma cgm
Maritime News

CMA CGM Leading the Field to Buy NOL, But Only if the Price is Right

By Mike Wackett, The Loadstar There are “significant obstacles” to the sale of Singapore-based Neptune Orient Lines (NOL), despite interest from Maersk Group and CMA CGM, according to Alphaliner. After...

November 11, 2015
Total Views: 2

Monday, July 20, 2015
Maritime News

NOL Says ‘No Decision’ Yet on Reported Sale

Neptune Orient Lines Limited has responded to recent media reports that the Singapore shipping company has been put up for sale by its majority shareholder Temasek Holdings, investment arm of...

July 20, 2015
Total Views: 3

Tuesday, February 17, 2015
apl neptune orient lines
Maritime News

Japan’s Kintetsu Express to Acquire APL Logistics

The expected APL Logistics deal value is far higher than the $750 million to $900 million range that sources said Singapore-based NOL had been looking for.

February 17, 2015
Total Views: 8

Thursday, October 16, 2014
apl neptune orient lines
Maritime News

Neptune Orient Considering Sale of APL Logistics

CJ Korea Express Co., the country’s biggest courier delivery company, is considering an acquisition of Neptune Orient Lines Ltd.’s logistics business.

October 16, 2014
Total Views: 8

Thursday, February 20, 2014
neptune orient lines nol
Maritime News

Losses Narrow at Neptune Orient Lines

Singapore-based container shipper Neptune Orient Lines (NOL Group) reported negative net profits for their third consecutive year today with losses of US$76 million.  This was however, an improvement over a terrible...

February 20, 2014
Total Views: 6

Wednesday, May 15, 2013
neptune orient lines nol shipping
News

14 New Ships to be Added to Neptune Orient Lines’ Containership Fleet

Neptune Orient Lines Ltd., Southeast Asia’s biggest container-shipping company, said it will add more fuel-efficient ships this year to pare costs as a vessel glut continues to damp freight rates.

May 15, 2013
Total Views: 57

Tuesday, May 14, 2013
neptune orient lines nol shipping
Finance

Off to a Better Start, Neptune Orient Lines Reports Q1 Profit

Neptune Orient Lines Ltd., Southeast Asia’s biggest container-shipping company, posted a profit in the first quarter, helped by gains from selling its headquarters and lower fuel costs.

May 14, 2013
Total Views: 2

Tuesday, May 7, 2013
iran flag iranian
News

Iran Faces Fresh Trade Heat As More Shipping Firms Exit

Foreign container shipping lines are giving up on Iranian business ahead of new U.S. sanctions in July, dealing a further blow to Tehran's vital seaborne trade.

May 7, 2013
Total Views: 4

Friday, November 23, 2012
neptune orient lines NOL
News

Maersk’s Plan is “More Sensational than Substantial,” NOL is Prime Pick for Market Recovery

0727 GMT 21 November [Dow Jones] STOCK CALL: A.P. Moller-Maersk‘s plan to move away from the shipping segment to focus investment in other businesses, such as oil, drilling rigs and ports,...

November 23, 2012
Total Views: 0

Wednesday, August 8, 2012
Finance

NOL Receives Six 10,000 TEU Containerships, Posts First Quarterly Profit Since 2010

(Bloomberg) — Neptune Orient Lines Ltd. said its container-shipping arm, Asia’s third-biggest, had the first quarterly profit since 2010 because of higher freight rates and cost-savings. APL Ltd. posted core...

August 8, 2012
Total Views: 0

Monday, July 2, 2012
neptune orient lines building singapore
News

NOL Employees Left Scratching their Heads, Office Building to be Sold

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...

July 2, 2012
Total Views: 3

Saturday, March 3, 2012
neptune orient lines nol
Finance

Neptune Orient Lines Gains Nearly 10 Percent, Singapore Economic Outlook Improves

SINGAPORE -(Dow Jones)- Singapore shares ended higher Friday, led by gains in cyclical stocks as investors’ optimism over the global economy got a shot in the arm from some positive...

March 3, 2012
Total Views: 1

Thursday, February 9, 2012
shipping container Orient Overseas Line
News

G6 Alliance Set to Launch Asia-Europe Liner Service

Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule....

February 9, 2012
Total Views: 1