The sale was part of the company's efforts to strengthen its financial position and focus on its loss-making container shipping business. Company Type: Public. Reviews from Neptune Orient Lines employees about Neptune Orient Lines culture, salaries, benefits, work-life balance, management, job security, and more. Neptune Orient Lines : APL Enhances China-Indonesia Trade Lane with New China Southeast As.. Neptune Orient Lines : APL Connects North Asia and Eastern Australia with New China Austra.. Neptune Orient Lines : APL Enhances China Australia South Service With Two New China Port .. Neptune Orient Lines : APL Offers Direct Singapore-Fremantle Connectivity with New Asia Fr.. Neptune Orient Lines : APL Transforms Indonesia-United States Trade Lane with Pendulum Loo.. Neptune Orient Lines : APL Extends Cargo Assurance for Protection Against Cargo-in-transit.. Neptune Orient Lines : APL Expands Intra-Asia Service Network with New China Southeast Asi.. Neptune Orient Lines : APL Expands Asia-North America Service Network with New Japan Expre.. Neptune Orient Lines : APL Announces Seasonal Rationalisation of Latin America Service Net.. Chief Financial Officer & Executive Director. By registering, you agree to our T&C and Privacy Policy. That could begin Reuters. It combines world-class intermodal We recognise the strategic importance of Singapore as a key hub for the maritime industry and we are committed to reinforcing its regional leadership. of Singapore-based Neptune Orient Lines (NOL), global The company went public in 1981 and diversified into the lightering business in the early 1990s by running its own fleet of oil and petroleum product tankers. Legal issues . Free. Neptune Orient Lines listed as NOL Looking for abbreviations of NOL? Scottsdale. NOL acquired 150-year-old shipper American President Lines - now known as APL - for nearly US$825 million (S$1.15 billion). PHOTO: CMA CGM, NOL. The ship's human cargo of convicts, some dead and many others sick or dying, included two of my maternal 4 x great grandmothers, the 17 yo . Thank you. improve equipment availability. be completed nationwide by early 2014. shipping and logistics company. Mike Zampa NOL was seen as one of the strongest profit leaders within the industry, despite the industry entering another depression. "This is the direction the container shipping Faster access than browser! more than 80 weekly services and more than 500 calls at more The address of the Company's registered office is at the THE METROPOLIS building. APL provides customers around the world with container transportation services through a network combining high-quality intermodal operations with state-of-the-art information technology. [SINGAPORE] Neptune Orient Lines bondholders are paying the price for betting they could count on Singapore state backing after a junk-rated French company agreed to take over the shipping firm. Neptune Orient Lines Limited ( NOL) was a Singaporean container shipping company. Neptune Orient Lines Limited is a Singapore-based global container shipping company with about 6,000 staff across over 80 countries. Legal issues . 36 relations. In its cash flow, the company produces only abt 30+M from OCF, but burnt 900M+ (this includes proceeds from disposal of HQ) in the investing line. Thanks for subscribing Please enter an email address Something went wrong Sign up. APL is a global container shipping business offering shipping containers over the road. Currently, NOL has more than 7,400 employees in 180 offices across more than 80 countries and operates 94 vessels, representing 618 thousand TEUs in fleet capacity. Schedule. In recent years carriers have divested Delivers quality services through key brands APL and APL logistics 4. The vessel was constructed in Japan by Ishikawajima-Harima Heavy Industries and delivered to NOL in 1976. Menu; Read. Neptune Orient Lines Ltd., Singapore - white flag, three wavy horizontal lines, green rain out of the fly. Chassis are the skeletal truck trailers used to haul Singapore-based shipping line said it expects to complete Our Panama Hub serves as a direct link from the Middle East, Asia & Europe into all other destinations. Neptune Orient Lines Limited Address: 456 Alexandra Rd. NOL was profitable in 2010 but has been in the red since 2011. Source: Brown's Flags and Funnels of Shipping Companies (Loughran, 1995) Jarig Bakker, 28 January 2006 Pacific International Lines Ltd. image by Ivan Sache, 31 August 2002 as soon as March. It was founded in 1968 as Singapore's national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. The Company current operating status is live and has been operating for 54 years. The N/A ratio of Neptune Orient Lines Limited is significantly lower than the average of its sector (Marine Transportation): 5.48. Losses, Debt Neptune Orient, which helped cement Singapore's status as a global trade hub, attracted takeover interest after simplifying its structure this year by shedding its $1.2 billion. As new orders continue to gain steam in 2015, industry overcapacity set to continue into 2017. Its terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America . Brands. The 32,000-tonne, $80-million vessel was capable of carrying up to 1,569 twenty-foot equivalent units of containers and had a service speed of 23 knots. Tuesday, February 15, 2022 APL launches SMART reefer container, a connected container for your refrigerated goods! Reviews from Neptune Orient Lines employees about Neptune Orient Lines culture, salaries, benefits, work-life balance, management, job security, and more. No results Subscribe to our newsletter. Neptune Orient Lines (NOL) Truck Transportation See jobs Follow View all 227 employees Report this company About us NOL is a global company with core business in container shipping. I firmly believe CMA CGM will enable NOL to address the industrys new challenges. The 4'900-car capacity vessel will fly the Greek flag. Dec 14, 2015, 12:32 pm . Neptune Lines-owned vessels are equipped with multiple thrusters, high-load capacity ramps, eco-friendly propulsion plant with a controllable-pitch propeller(CPP)and shaft generator for high reliability and operational efficiency. APL said today it will begin phasing out its U.S. fleet NOL, through its operating brand, the container carrier APL, has had its share of . A founding member of the Ocean Three Alliance with UASC and CSCL, CMA CGM is present across 160 countries, with 22,000 employees in 655 offices, and has a fleet capacity of 1,781 thousand TEUs. managed chassis fleets, making trailers available to truckers Copyright 2022 Surperformance. A founding member of the Ocean Three Alliance with UASC and CSCL, CMA CGM is present across 160 countries, with 22,000 employees in 655 offices, and has a fleet capacity of 1,781 thousand TEUs. Neptune Orient Lines completes exit from tanker shipping Singapore-based Neptune Orient Lines has reached a conditional agreement to sell its. APL said it will turn its Many analysts viewed it as expensive but the deal gave NOL the critical mass to compete globally on major container trades. | September 15, 2022 Copyright 2022 - NEPTUNE LINES All rights reserved. Neptune Orient Lines NOL. NOL reports US$57 million Year-on-Year improvement in Core EBIT One-time charges for restructuring, vessels held for sale contribute . 153 vessels and a container fleet of 1,141,370 units. Download Unionpedia on your Android device! Austrias transporters are committed to climate protection, Kuehne + Nagel opens new German headquarters in Bremen, Hapag-Lloyd: Ten commandments for more quality. Since state-owned investment company Temasek Holdings Pte last month said it would sell its majority stake in Neptune Orient to CMA CGM SA, notes issued by the container liner lost as much as 13 per . View Neptune Orient Lines Limited - Singapore, July 2018.pdf from PSYCHOLOGY HP1000 at Nanyang Polytechnic. market share of approximately 11.5% (vs 8.8% for CMA CGM and 2.7% for NOL) Created in 1978 by Jacques Saad, CMA CGM is the worlds third largest container shipping firm, with 469 vessels and a global market share of 8.8%. 2022 National Heritage Board. michael_zampa@apl.com, About APL It used the funds to grow globally, diversifying away from container trade and into the bulk carrier market. CMA CGM is buying NOL. I wonder will NOL call for a rights issue in 1-2 yrs time if shipping does not experience an upturn. CMA CGM has . In 2001, APL Logistics was established as a separate business unit. Singapore state investor Temasek Holdings' planned sale of shipper Neptune Orient Lines (NOL) offers potential buyers a modern fleet at a comparative bargain price expected to be around $2 billion, industry and banking sources said. It should It is Neptune Orient Lines. (Bloomberg) 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. APL inland terminals by the end of 2012. Wewelcome your feedback, ideas and suggestions. The Neptune Orient Lines. Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. Copyright 2022 SPH Media Limited. At a glance: The Neptune Orient Lines story. Volume of over 2 million forty-foot equivalent units (FEU) is transported worldwide every year 3. NOL also gained a network of logistics support and key terminals in the United States and Asia. Neptune Orient Lines Limited announced that it has incorporated a new wholly-owned Singapore subsidiary to be known as NOL Liner (Pte.) than 140 ports worldwide. CMA CGM has a leading position on the Asia-Europe, Asia-Mediterranean, Africa and Latin America routes, whilst APL is strong along the Transpacific, Intra-Asia and Indian subcontinent shipping routes. The board unanimously approved the transaction. 1 Maersk Line and Swiss peer MSC in global shipping, submitted the . Created in 1978 by Jacques Saad, CMA CGM is the worlds third largest container shipping firm, with 469 vessels and a global market share of 8.8%. Singapore, 07 Dec 2015: Proposed cash acquisition of NOL at SGD 1.30 per NOL share, representing a 49% premium to NOL's unaffected share price1, fully. (65) 6371 5022 end_of_the_skype_highlighting Newsletter terms . In 2014, the companys revenues2 reached USD 7.04 billion. Neptune Orient Lines (NOL) was incorporated on 30 December 1968 as Singapore's national shipping line. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Reviews from Neptune Orient Lines employees about Neptune Orient Lines culture, salaries, benefits, work-life balance, management, job security, and more. Dec 7, 2015, 9:04 pm . MCI (P) 076/10/2022, MCI (P) 077/10/2022. NOL is a leading shipping company operating under the American President Lines (APL) brand. Ltd. NOL Liner will be the holding company for NOL's Liner business, and will own ships and other assets as well as investments relating to the Liner business. CCM CGM Agrees To Acquire Neptune Orient Lines CMA CGM, a global leader in container shipping, announced a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia's largest container shipping company, subject to the satisfaction of the pre-conditions specified in su December 7, 2015 CMA CGM CEO: Ng Yat Chung (Oct 2011-) . The Neptune Orient Lines (NOL) containership, 'Neptune Pearl' Collections The 'Neptune Pearl' was the first purpose-built containership commissioned by the Neptune Orient Lines (NOL) shipping company for its fleet. SONAR Market Update; Startups; Supply Chains; The Future of Freight; Blockchain; Risk & Compliance. Media Inquiries: Shipping lines operating in the U.S. historically SINGAPORE Temasek Holdings has agreed to sell its entire 67 per cent stake in Neptune Orient Lines (NOL) to France's CMA CGM, the world's third-largest container shipper, which today (Dec. chassis management, equipment is deployed more Neptune Orient Lines (NOL) Truck Transportation Follow View all 224 employees Report this company About us NOL is a global company with core business in container shipping. Download Table | 2: Neptune Orient Line, Inc. NEPTUNE ORIENT LINES . A founding member of the Ocean Three Alliance with UASC and CSCL, CMA CGM is present across 160 countries, with 22,000 employees in 655 offices, and has a fleet capacity of 1,781 thousand TEUs. Here's a quick look at the journey of Neptune Orient Lines (NOL) from its inception to buyout: NOL is founded as Singapore's national shipping line with a fleet of just five vessels. In 1976, NOL expanded into the Asia-Europe shipping trade through the ACE liner consortium and launched a trans-Pacific service two years later. [5] [6] Post-closing, CMA CGM intends to deleverage its balance sheet within 18 to 24 months through synergies and assets sales for an amount of at least USD 1 billion, with the aim to reduce debt gearing ratio to below 0.8 times. With this acquisition, the fifth in the year, Neptune Lines' owned fleet grows to 19 vessels adding the necessary capacity to cope with. NOL is part of the CMA CGM Group, a leading worldwide shipping group founded in 1978 by Jacques R. Saad. industry is moving," said APL Americas President Gene hauling containers. | September 8, 2022 NOL Bldg. neptune orient lines (nol) is a global transportation company established in 1968 as singapore's national shipping line.1 through the container shipping brand, apl, nol's core business activities include all aspects of global cargo container transportation.2 the shipping carrier is currently owned by the french cma cgm, the world's third-largest We recently met up with Neptune Orient Lines (NOL) and noted that operational efficiency continues to be the key focus going forward for its liner segment, mainly through its fleet renewal programme. FreightWaves Classics/Fallen Flags: American President Lines still lives under new ownership (Part 2) APL has had a storied history and is now part of CMA-CGM. Working at Neptune Orient Lines in Queenstown: Employee Reviews | Indeed.com Communication . Neptune Orient Lines Limited (NOL) is a Singapore-based global container shipping company with about 6,000 staff across over 80 countries. Our latest acquisitions (2015) are Neptune Hellas and Neptune Horizon, PCTCs of 3,800 car units as well, built in 2009 and 2010 respectively, at the same yard as our newbuilidngs. 202120748H. Looking for abbreviations of NOL? www.cma-cgm.com www.nol.com.sg. 10 June 2016 3:43 GMT Updated 10 June 2016 3:46 GMT All rights reserved. The CMA offer resulted in the EU competition authority extending the deadline for its decision on CMA CGM's NOL takeover to April 29 from April 15 to examine the package, according to the Commission website. APL is a wholly-owned subsidiary of Singapore-based Neptune Orient Lines, a global transportation and logistics company. Following the transaction, the combined group would hold market shares from 7% to 19% on the routes on which it operates. At a glance: The Neptune Orient Lines story, All done! With a historic presence in the US, APL would add to CMA CGMs operations in this region. CMA CGM, a global leader in container shipping, today announces a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asia's largest container shipping company (SGX: N03), subject to the satisfaction of the . [3] efficiently.". [2] By the 1970s, during an era marked by the move to containerised cargo, NOL's fleet had grown to 21. Telephone: (65) 6371 5022 begin_of_the_skype_highlighting combined turnover of USD 22 billion. Latest news. In 2014, the Group handled over 12 million TEUs and generated USD 16.74 billion in revenues. at terminals in Denver and Salt Lake City. Neptune Orient Lines Limited (NOL) is a Singapore-based global container shipping company with about 6,000 staff across over . capacity of 2.4 million TEUs and combined fleet of 563 vessels The N/A ratio of Neptune Orient Lines Limited is significantly lower than the median of its peer group: around 4.00. They are really renewing their fleet in anticipation of upturn. Follow ST on LinkedIn and stay updated on the latest career news, insights and more. The company is a wholly owned subsidiary of the CMA CGM Group. The vessel was constructed in Japan by Ishikawajima-Harima Heavy Industries and delivered to NOL in 1976. About Neptune Orient Lines Neptune Orient Lines Ltd. is an investment holding company that is engaged in container shipping and supply chain management. The ship Neptune, under contract to former slave traders, arrived in Sydney Cove on 28 June 1790, one of the six ships in the Second Fleet that had been sent to the new penal colony of New South Wales. This section of Roots is a work-in-progress as we continue to improve on the search and filter functions. of cargo container chassis during the first half of 2012. In 1993, the vessel was re-assigned to ply NOLs new shipping route between Colombo, Sri Lanka, and the east coast of the United States.NOL was established in December 1978 to serve as Singapores national shipping line. Mr Ng Yat Chung (left), chief executive of Neptune Orient Lines (NOL) and Mr Rodolphe Saad, vice-chairman of CMA CGM shake hands. CMA CGM has a global presence thanks to its numerous vessels calling various ports all over the world. [1] It operated out of a small office in the Fullerton Building with a fledging fleet of just five vessels. CMA CGM has a global presence thanks to its numerous . divestiture of the fleet by 2014. The enlarged entity will strengthen its position on strategic shipping routes, especially in key markets such as United States, Intra-Asia and Japan, and will boast a balanced trade portfolio. The company started with a fleet of five vessels and started to turn a profit by 1972 under the administration of then managing director Goh Chok Tong. The Neptune Pearl was the first purpose-built containership commissioned by the Neptune Orient Lines (NOL) shipping company for its fleet. Neptune Lines operates today 18Pure Car and Truck Carrier vessels (owned or chartered), with cargo capacity ranging between 1,500-4,600 cars. SINGAPORE, 03 Nov 2016: As part of the CMA CGM Group, APL will join the league of the world's largest container shipping lines in the OCEAN Alliance from. In 1975, NOL formed the ACE consortium with Orient Overseas Container Line, "K" Line and Franco-Belgian Services, with the Korean Shipping Corporation and Cho Yang joining two years later. NEPTUNE ORIENT LINES SELLS TANKER ARM TO MISC Neptune Orient Lines, the money-losing Singaporean shipping group, will sell its tanker arm. The Company operates through its Liner segment. Please contact our team ( nl@neptunelines.com) to provide you with requested sailing schedule. Neptune Orient Lines Limited is an investment holding company. In July 2008, NOL put up a US$7 billion bid for the possible acquisition of Germany's Hapag-Lloyd - a move many analysts viewed as grossly overpriced - but pulled out of the process a few months later. NOL Bldg. Neptune Orient Lines - DBS Research 2015-11-02: Peak season brings no joy. APL began notifying customers of the change this week. NOLs majority shareholders (Temasek and its affiliates) have irrevocably undertaken to tender all of their shares in acceptance of the Offer. Neptune Orient Lines Limited 456 Alexandra Rd. Temasek, the Singapore sovereign wealth fund, estimates that the Singapore-based NOL is worth $2.6 billion, meaning it intends to collect $1.7 billion from any NOL sale. Brands. operations with leading-edge IT and e-commerce. "In general we welcome any consolidation that would only be healthy for the container line industry." NOL gained 6.6 percent to close at S$1.05 in Singapore trading. NOL is a leading shipping company operating under the American President Lines (APL) brand. The company specialises in Logistics, Shipping, Supply Chain, Transportation with an estimated revenue and employee in the range of $1,000 to $10,000 million and 5001-10000 respectively. In 2014, the Group handled over 12 million TEUs and generated USD 16.74 billion in revenues. SONAR Market Update; Startups; Supply Chains; The Future of Freight; Blockchain; Risk & Compliance. Chassis fleets will be phased out of most CMA CGM takes control at Neptune Orient Lines Singapore government investment fund hands over controlling stake to French liner giant. We now expect NOL to remain in the red in 2016 as well. Divestiture will #06-00 19962 Singapore Telephone: ( + 65) 278-9000 Fax: ( + 65)278-4900 Web site: http://www.nol.com.sg Public Company Incorporated: 1968 Employees: 8, 734 Sales: S$8.51 billion (US$4.74 billion ) (2001) Stock Exchanges: Singapore New York Frankfurt Ticker Symbol: NEPS FreightWaves; SONAR ; American Shipper; Modern Shipper; FreightWaves Ratings; Back the Truck Up; Trending Now. Wider-than-expected losses of US$96m in 3Q15 on the back of depressed freight rates across trade lanes. End-of-day quote Singapore Stock Exchange The Company is engaged in the ownership and charter of vessels, as well as participates in ventures related to these activities. The transaction will be financed by a combination of available cash and bank financing provided by a syndicate of international banks. Neptune Orient Lines was incorporated in 1968 and is located in Singapore, Singapore. . Controlled Containership Fleet in 1989 from publication: Finding a cycle with maximum profit-to-time ratio : an application to optimum deployment of . These ships are enhanced with high-end environmental technologies, resulting in improved energy efficiency and reduced environmental footprint. They offer everything from luxury vacations on top-of-the-line trains like the Royal Scotsman and Orient . The weighted average age of our fleet -one of the youngest in Europe- is 8.5 years and the fleet's capacity for trucks/trailers is approximately 19,000 lane meters. The company valuation of Neptune Orient Lines Limited according to these metrics is way below the market valuation of its peer group. Neptune Lines is a Logistics Solutions Company specialized in inventory management and transportation of self-propelled machinery, trucks, project cargo and break-bulk equipment. In 2009, the company posted its worst quarterly loss in seven years, sinking to US$245 million in the first quarter of the year, due to a worldwide decline in shipping demand and falling freight rates. Menu; Read. NOL is founded as Singapore's national shipping line with a fleet of just five vessels. CMA CGM is looking forward to welcoming APL into CMA CGMs world and intends to retain and develop the APL brand. APL Web site: www.apl.com. With a 20-strong fleet, NOL turned its annual profits, despite a shipping industry slump, under managing director Goh Chok Tong who went on to become Singapore's second Prime Minister. Stay up-to-date with our daily logistics news. Leveraging the complementary strengths of both companies, CMA CGM will further reinforce its position as a leader in global shipping with combined revenue of USD 22 billion and 563 vessels. Maersk shares rose 2.4 . OAKLAND, Calif., April 14 -- Neptune Orient Lines Ltd. and APL Ltd., two leading container carriers, say they have signed a definitive merger agreement under which APL will become a wholly owned . Its container shipping arm, APL, provides world-class container shipping services and intermodal operations supported by leading-edge IT and e-commerce. This new consortium became known as the "third force" in the container-shipping world and offere fixed-day weekly services between the Far East and Europe. Underwater robot to clean vessels is now ready to use (07:38) Svitzer appoints new COO and . The company . Temasek Holdings is putting its 65 percent stake in Neptune Orient Lines (NOL) on the market. You have reached your limit of subscriber-only articles this month. FreightWaves; SONAR ; American Shipper; Modern Shipper; FreightWaves Ratings; Back the Truck Up; Trending Now. Pilot project begins at inland terminals during first half of 2012, reaches ports in 2013 SCOTTSDALE, ARIZONA, 10 feb 2012: APL said today it will. | April 29, 2022 The carrier said divestiture will begin with a pilot program NOL sold the profit-making APL Logistics to Japanese freight carrier Kintetsu World Express for US$1.2 billion. Neptune Orient Lines. CMA CGM Petitions EU To Acquire Neptune Orient Lines. April 12, 2016. "By relying on providers who specialize in Get unlimited access to all stories at $0.99/month for the first 3 months. The weighted average age of our fleet -one of the youngest in Europe- is 8.5 years and the fleet's capacity for trucks/trailers is approximately 19,000 lane meters. Currently, NOL has more than 7,400 employees in 180 offices across more than 80 countries and operates 94 vessels, representing 618 thousand TEUs in fleet capacity. chassis to drayage companies. Neptune Orient Lines Ltd., Southeast Asias biggest container-shipping company, posted a profit in the first quarter, helped by gains from selling its headquarters and lower fuel costs. Last Updated 05 April 2021. Published by SPH Media Limited, Co. Regn. Fleet Neptune Lines operates today 18 Pure Car and Truck Carrier vessels (owned or chartered), with cargo capacity ranging between 1,500-4,600 cars. NOL remains one of the worlds major shipping lines with Temasek Holdings, the Singapore governments investment arm, holding a majority stake in it. Read this subscriber-only article for free! [3] [4] On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited. Seroka from the company's U.S. headquarters in Strategic acquisition resulting in combined turnover of USD 22 billion and fleet size of 563 vessels, CMA CGM, a global leader in container shipping, today announces a pre-conditional voluntary general cash offer for Neptune Orient Lines (NOL), Southeast Asias largest container shipping company (SGX: N03), subject to the satisfaction of the pre-conditions specified in such announcement. In 2014, the companys revenues2 reached USD 7.04 billion. NOL - Neptune Orient Lines. The Group's key brands are APL and APL Logistics. Photo: Bloomberg their fleets to cut costs and create chassis pools that NOL is part of the CMA CGM Group, a leading worldwide shipping group founded in 1978 by Jacques R. Saad. A Progressive Digital Media business COMPANY PROFILE Neptune Orient Lines Limited REFERENCE extend to East Coast sea ports in 2013, APL said. Commenting on this transaction, Rodolphe Saad, Vice-Chairman of CMA CGM, says: This transaction will represent a significant milestone in the development of CMA CGM. | August 22, 2022 Neptune Orient Lines also owns APL, the 10th-largest container shipping line by fleet size with terminals in six countries. fleet over to organizations that specialize in providing Neptune Orient Lines Limited (NOL) is a Singapore-based global container shipping and logistics company with over 11,000 staff across 331 offices in 112 countries. Overall, we expect fleet capacity to shrink by ~5% after the planned retirement of 34 chartered vessels are completed by FY15. Upon the satisfaction of the pre-conditions (namely, approvals from antitrust authorities), CMA CGM will launch an offer at a price of SGD 1.30 per share, which represents a 49% premium to NOLs unaffected share price1 and a 33% premium to NOLs 3 month volume-weighted average share price to July 16, 2015. Here's a quick look at the journey of Neptune Orient Lines (NOL) from its inception to buyout: Dec 30, 1968. APL is a unit The government transfered ownership of NOL to Singapore investment firm Temasek Holdings - the firm's biggest shareholder today with a 67 per cent stake. France's CMA CGM snaps up NOL shares on open market, below its offer price. Below are the Strengths in the SWOT Analysis of Neptune Orient Lines : 1. The transaction would enable NOL to grow as part of a larger entity with the resources of the worlds third largest container shipping line. -, Maersk joins other shippers in raising prices for Gulf-bound containers, Neptune Orient Lines : APL Enhances China-Indonesia Trade Lane with New China Southeast Asia Service 6, Neptune Orient Lines : APL Connects North Asia and Eastern Australia with New China Australia Service 3. This acquisition would enable CMA CGM to reinforce its position in the container shipping industry, and achieve the following: No. Ng Yat Chung, CEO of NOL, adds: The combined market presence delivered by the transaction would achieve the scale needed to enhance competitiveness for NOLs operations and offer a clear and sustainable long term direction for the combined entity. It is Neptune Orient Lines. France's CMA CGM, the world's third largest container shipping firm, launches a buyout offer for NOL at S$1.30 a share. By bringing together the know-how of both teams, the enlarged group will be even better positioned to provide premium services to its customers across all markets. NOL is a leading shipping company operating under the American President Lines (APL) brand. Neptune Orient Lines: The Fall of Singapore's National Shipping Company by The Asianometry Podcast In December 2015, Singapore's investment fund Temasek agreed to sell its shares in Neptune Orient Lines or NOL to French shipping line CMA CGM. Forty-Foot equivalent units ( FEU ) is transported worldwide every year 3: //www.researchgate.net/figure/2-Neptune-Orient-Line-Inc-Controlled-Containership-Fleet-in-1989_tbl1_34323368 >. Their fleet in 1989 from publication: Finding a cycle with maximum profit-to-time ratio: an application to deployment. Over 11,000 staff across over of just five vessels 2011- ), delivered in 2014 from Hyundai Dockyard Sign up listed as NOL Looking for abbreviations of NOL importance of Singapore as a direct link from Middle! First purpose-built Containership commissioned by the end of 2012 environmental footprint steam in 2015, overcapacity. Singapore Exchange ), raising s $ 155 million Looking for abbreviations of?. 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Cgm will enable NOL to address the industrys new challenges of subscriber-only articles this month welcoming APL into CGMs. Forward to welcoming APL into CMA CGMs operations in this FreightWaves Classics article with state-of-the-art information technology expensive the! Is live and has been in the Fullerton Building with a fledging fleet of just vessels. Chartered vessels are completed by FY15 6,000 staff across 330+ offices in over countries Intermodal operations with leading-edge it and e-commerce leading-edge it and e-commerce by relying on providers specialize! As part of the offer Lines ( APL ) brand deployed more. Acceptance of the company is a leading shipping company operating under the APL brand wider-than-expected losses of US $ in. X27 ; s CMA CGM Group, a leading worldwide shipping Group founded in 1978 by Jacques Saad! Ratio of Neptune Orient line, Inc a unit of Singapore-based Neptune Orient Lines listed NOL! 96M in 3Q15 on the Back of depressed Freight rates across trade lanes its. Be financed by a syndicate of international banks to our T & neptune orient lines fleet Privacy! History in this FreightWaves neptune orient lines fleet article global container shipping arm, APL said it turn. With maximum profit-to-time ratio: an application to optimum deployment of, diversifying away from container trade into! New COO and 1,141,370 units 3,800 car units each, delivered in 2014 the! Irrevocably undertaken to tender all of their shares in acceptance of the change this week companies Carrier APL, has had its share of Asia-Europe shipping trade through the ACE Liner consortium and launched a service. Intermodal operations supported by leading-edge it and e-commerce | LinkedIn < /a > Neptune Lines. Every year 3 ST on LinkedIn and stay updated on the Singapore Exchange ), s. ; Trending now the fleet by 2014 s $ 155 million bank financing by! Global container shipping company operating under the American President Lines ( NOL ) is a leading shipping company under. It operates was constructed in Japan by Ishikawajima-Harima Heavy Industries and delivered to NOL in 1976 company 's efforts strengthen. 1,141,370 units Liner consortium and launched a trans-Pacific service two years later Stock Exchange ( known today the! This month below the market valuation of Neptune Orient Lines Sells Tanker arm Misc Will extend to East Coast sea ports in 2013, APL said everything luxury. Nol Looking for abbreviations of NOL vessels calling various ports all over the road equipment availability from 7 to! As a separate business unit the worlds third largest container shipping business US, APL, has had share. Its sector ( Marine transportation ): 5.48 the ownership and charter of vessels, as well participates. > < /a > Neptune Lines < /a > Neptune Orient Lines ( APL ) brand and! Express for US $ 1.2 billion Limited is significantly lower than the of. Hub serves as a direct link from the Middle East, Asia & amp Compliance. And key terminals in Denver and Salt Lake City, making trailers available to truckers hauling.! Numerous vessels calling various ports all over the world services through a network combining intermodal! Something went wrong Sign up supported by leading-edge it and e-commerce the Asia-Europe shipping trade through the Liner! 2011- ) office is at the Port of Singapore as a separate business unit,! Leading worldwide shipping Group founded in 1978 by Jacques R. Saad the sale was part of her Far maiden. Msc in global shipping, submitted the APL Logistics 4: Finding a cycle with maximum profit-to-time ratio: application. 2014, the combined Group would hold market shares from 7 % to 19 % on the Back of Freight! Major container trades and create chassis pools that improve equipment availability by a combination of available cash and financing! At a glance: the Neptune Pearl was the first purpose-built Containership by, we expect fleet capacity to shrink by ~5 % after the planned retirement of 34 chartered vessels are by! Be financed by a syndicate of international banks in 1978 by Jacques R Pilot program at terminals in Denver and Salt Lake City P ) 077/10/2022 by registering, you to! Of Neptune Orient Lines ( NOL ), raising s $ 155 million ; Startups ; Supply Chains ; Future /A > Neptune Orient Lines Limited according to these metrics is way below the market valuation of Orient. Its operating brand, the companys revenues2 reached USD 7.04 billion ceo: Ng Yat Chung ( 2011-!. `` would enable NOL to remain in the red since 2011 NOL to grow globally, diversifying away container! Sells Tanker arm to Misc < /a > Neptune Lines < /a > Neptune Lines < /a >.. Panama Hub serves as a direct link from the Middle East, Asia amp! Environmental technologies, resulting in improved energy efficiency and reduced environmental footprint rates trade November 1976 as part of the company 's efforts to strengthen its financial position focus! With high-end environmental technologies, resulting in improved energy efficiency and reduced environmental footprint to NOL in. Singapore Exchange ), global shipping and Logistics company with about 6,000 staff 330+. News, insights and more trans-Pacific service two years later by FY15 //www.neptuneline.com/ '' > < /a > Neptune Lines This FreightWaves Classics article container transportation, terminals and provision of other related services 3 months Neptune! Over 11,000 staff across over latest newbuildings are Neptune Galene and Neptune Thalassa, PCTCs of 3,800 car units,! Group handled over 12 million TEUs and generated USD 16.74 billion in revenues the. And Logistics company vessels is now fully available for you, Please verify your e-mail to read subscriber-only!, industry overcapacity set to continue into 2017 shareholders ( Temasek and its )
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