29:
249:
228:
207:
186:
162:
415:. CMA launched an all-cash voluntary conditional general offer for outstanding NOL shares at SG$ 1.30 a piece. The deal is worth SG$ 3.38 billion and eventually will be delisted from the Singapore Exchange.
418:
The company announced in May 2016 reported net losses of US$ 105.1 million (SG$ 142 million) for the first quarter ended 31 March, higher than the US$ 10.8 million a year earlier. Former CEO
319:
In
December 1968, Neptune Orient Lines was started as Singapore's national shipping line. Wholly owned by the Singapore Government, it was formed in an effort to develop and support Singapore's economy.
711:
426:
On 28 June 2016, CMA CGM said it will proceed to delist NOL, after it crossed the 90 per cent ownership threshold in the company and NOL was subsequently delisted on 5 September 2016.
797:
774:
1274:
1284:
1103:
429:
In May 2017, less than a year after the NOL acquisition, CMA reported turning a net profit of $ 26 million from the NOL business in the first quarter of the year.
386:, NOL saw losses mount to US$ 460 million, while its debt was more than US$ 4 billion. The company sold off assets to clear the debt and by 1999 was profitable again.
352:
530:
685:
556:
463:
938:
389:
In 2003, NOL completed the divestment of its tankering businesses AET and NAS, to concentrate on the company's core container shipping and logistics services.
1254:
367:(APL), whose heritage dates back to 1848. Following the merger, the APL name was adopted as the public brand name. The NOL name was retained for the
715:
1244:
1239:
589:
947:
882:
355:, known as the "third force" in the container-shipping world. Meanwhile, it entered the key Trans-Pacific Trade with a standalone service.
498:
445:
region. NOL and CMA's regional office was reorganized into a regional hub and renamed to CMA CGM Asia
Pacific Limited on 1 October 2020.
737:
620:
931:
649:
1264:
1234:
805:
1249:
853:
766:
1279:
1137:
1289:
924:
526:
178:
689:
564:
467:
1026:
889:
908:
995:
1098:
1060:
1269:
1168:
1048:
375:
and was well known to its investors. The company focused on managing global supply chains in 2001 when
72:
1259:
1153:
1031:
1173:
1021:
1016:
364:
276:
828:
339:
In 1975, NOL then entered the Asia-Europe trade as part of the ACE Group consortium with partners
1188:
400:
1115:
411:
On 9 June 2016, it was announced that
Temasek will tender its NOL shares to shipping company
383:
1043:
903:
657:
8:
1213:
1125:
372:
292:
916:
1065:
329:
241:
165:
1208:
1183:
973:
686:"5 Things You Should Know About Neptune Orient Lines | The Motley Fool Singapore"
368:
978:
1228:
1178:
1110:
438:
423:
acknowledged that the company had been "a bit slow and reluctant to change".
376:
333:
304:
296:
28:
1163:
1120:
557:"NOL to be delisted after France's CMA CGM crosses 90% ownership threshold"
442:
420:
393:
1158:
1083:
968:
271:
199:
39:
590:"CMA CGM Group Reorganizes Transpacific Trade Focusing APL on US Flag"
983:
854:"CMA CGM Group reinforces Singapore as its Asia-Pacific regional hub"
499:"Unaudited Financial Information For the Year Ended 27 December 2013"
827:
Trompiz, Gus; Guillaume, Gilles (19 May 2017). Thomas, Leigh (ed.).
1088:
1011:
988:
738:"NOL sells APL Logistics to Kintetsu for $ 1.2 billion | JOC.com"
412:
300:
264:
253:
232:
211:
190:
169:
98:
432:
299:, but was later sold as a subsidiary to French shipping company
1130:
344:
332:
was introduced. In the mid-1970s, NOL's managing director was
464:"NOL appoints new CEO, CFO amid takeover by France's CMA CGM"
348:
220:
1093:
1053:
340:
336:, who went on to become Singapore's second Prime Minister.
295:
company. It was founded in 1968 as
Singapore's national
714:. The Edge Singapore. 30 September 2011. Archived from
946:
643:
641:
829:"Shipping firm CMA CGM upbeat as profits rise again"
396:
was appointed as CEO of NOL, replacing Ron
Widdows.
1275:
Companies formerly listed on the
Singapore Exchange
638:
363:In 1997, NOL made a US$ 825 million acquisition of
1285:Multinational companies headquartered in Singapore
406:
712:"Ng Yat Chung takes over as NOL's CEO from Oct 1"
1226:
826:
504:. Neptune Orient Lines Limited. 27 February 2014
621:"CMA CGM drops APL brand in transpacific trade"
493:
491:
489:
487:
485:
399:On 17 February 2015, APL Logistics was sold to
932:
433:Restructuring to CMA CGM Asia Pacific Limited
379:was established as a separate business unit.
883:List of largest container shipping companies
482:
108:The Metropolis, 9 North Buona Vista Drive,
939:
925:
1255:Singaporean companies established in 1968
767:"NOL did not adapt fast enough, says CEO"
679:
677:
675:
798:"NOL to be delisted from SGX on Tuesday"
1245:Government-owned companies of Singapore
1240:Transport companies established in 1968
307:into a regional hub and was renamed to
1227:
672:
527:"Neptune Orient Lines Limited History"
920:
858:Indian Transport & Logistics News
760:
758:
656:. Singapore Infopedia. Archived from
683:
647:
614:
612:
610:
584:
582:
550:
548:
521:
519:
437:On 7 July 2020, CMA CGM announced a
303:in 2016. On 1 October 2020, NOL was
764:
618:
466:. Channel News Asia. Archived from
323:
13:
948:Major container shipping companies
795:
755:
554:
461:
358:
14:
1301:
607:
579:
545:
516:
1265:Transport operators of Singapore
1235:1968 establishments in Singapore
684:Hunt, Alison (2 February 2016).
654:National Library Board Singapore
533:from the original on 10 May 2019
248:
247:
227:
226:
206:
205:
185:
184:
161:
160:
27:
1250:Shipping companies of Singapore
846:
820:
789:
777:from the original on 6 May 2021
765:Woo, Jacqueline (8 June 2016).
730:
619:Lee, Hong Liang (7 July 2020).
407:Sale of NOL to France's CMA CGM
704:
455:
1:
1280:2016 mergers and acquisitions
448:
1290:Container shipping companies
909:Resources in other libraries
403:, Inc. for US$ 1.2 billion.
309:CMA CGM Asia Pacific Limited
285:Neptune Orient Lines Limited
22:Neptune Orient Lines Limited
16:Singaporean shipping company
7:
1169:Pacific International Lines
876:
648:Chua, Alvin (6 July 2010).
10:
1306:
371:, which was listed on the
314:
73:Muhammad Jalaluddin Sayeed
57:30 December 1968
1201:
1146:
1076:
1004:
961:
954:
904:Resources in your library
270:
260:
239:
218:
197:
176:
156:
148:
129:
119:
104:
93:
78:
68:
53:
45:
35:
26:
365:American President Lines
252:S$ 2,130.811
231:S$ 9,029.035
138:Rodolphe Saadé, Chairman
82:1 October 2020
796:mz (5 September 2016).
441:of its services in the
353:Franco-Belgian Services
650:"Neptune Orient Lines"
594:The Maritime Executive
401:Kintetsu World Express
189:S$ 583.939
1116:Ocean Network Express
384:Asian economic crisis
210:S$ 71.968
168: 8,831.193
895:Neptune Orient Lines
529:. Funding Universe.
382:In 1998, during the
291:) was a Singaporean
141:Nicolas Sartini, CEO
1214:United States Lines
808:on 12 November 2016
555:cy (28 June 2016).
462:mz (14 June 2016).
392:On 1 October 2011,
23:
1270:Singaporean brands
692:on 2 February 2016
373:Singapore Exchange
293:container shipping
21:
1222:
1221:
1197:
1196:
890:Library resources
802:Channel News Asia
771:The Straits Times
625:Seatrade Maritime
561:Channel News Asia
282:
281:
152:Shipping services
1297:
1260:Temasek Holdings
1066:Italia Marittima
974:P&O Nedlloyd
959:
958:
941:
934:
927:
918:
917:
870:
869:
867:
865:
850:
844:
843:
841:
839:
824:
818:
817:
815:
813:
804:. Archived from
793:
787:
786:
784:
782:
762:
753:
752:
750:
748:
734:
728:
727:
725:
723:
708:
702:
701:
699:
697:
688:. Archived from
681:
670:
669:
667:
665:
645:
636:
635:
633:
631:
616:
605:
604:
602:
600:
586:
577:
576:
574:
572:
563:. Archived from
552:
543:
542:
540:
538:
523:
514:
513:
511:
509:
503:
495:
480:
479:
477:
475:
459:
330:containerization
324:Containerization
251:
250:
244:
230:
229:
223:
209:
208:
188:
187:
179:Operating income
164:
163:
89:
87:
64:
62:
31:
24:
20:
1305:
1304:
1300:
1299:
1298:
1296:
1295:
1294:
1225:
1224:
1223:
1218:
1209:Hanjin Shipping
1193:
1184:X-Press Feeders
1142:
1072:
1000:
950:
945:
915:
914:
913:
898:
897:
893:
879:
874:
873:
863:
861:
852:
851:
847:
837:
835:
825:
821:
811:
809:
794:
790:
780:
778:
763:
756:
746:
744:
736:
735:
731:
721:
719:
718:on 1 March 2014
710:
709:
705:
695:
693:
682:
673:
663:
661:
646:
639:
629:
627:
617:
608:
598:
596:
588:
587:
580:
570:
568:
567:on 29 June 2016
553:
546:
536:
534:
525:
524:
517:
507:
505:
501:
497:
496:
483:
473:
471:
470:on 18 June 2016
460:
456:
451:
435:
409:
369:holding company
361:
359:Merger with APL
326:
317:
240:
219:
202:
181:
144:
132:
122:
115:
111:
85:
83:
60:
58:
17:
12:
11:
5:
1303:
1293:
1292:
1287:
1282:
1277:
1272:
1267:
1262:
1257:
1252:
1247:
1242:
1237:
1220:
1219:
1217:
1216:
1211:
1205:
1203:
1199:
1198:
1195:
1194:
1192:
1191:
1186:
1181:
1176:
1174:Swire Shipping
1171:
1166:
1161:
1156:
1150:
1148:
1144:
1143:
1141:
1140:
1135:
1134:
1133:
1128:
1123:
1113:
1108:
1107:
1106:
1101:
1096:
1091:
1080:
1078:
1074:
1073:
1071:
1070:
1069:
1068:
1058:
1057:
1056:
1051:
1041:
1040:
1039:
1034:
1029:
1024:
1019:
1008:
1006:
1005:Ocean Alliance
1002:
1001:
999:
998:
993:
992:
991:
986:
981:
976:
965:
963:
956:
952:
951:
944:
943:
936:
929:
921:
912:
911:
906:
900:
899:
888:
887:
886:
885:
878:
875:
872:
871:
845:
819:
788:
754:
729:
703:
671:
637:
606:
578:
544:
515:
481:
453:
452:
450:
447:
434:
431:
408:
405:
360:
357:
328:In the 1970s,
325:
322:
316:
313:
280:
279:
274:
268:
267:
262:
258:
257:
245:
237:
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133:
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127:
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109:
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95:
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80:
76:
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70:
66:
65:
55:
51:
50:
47:
43:
42:
37:
33:
32:
15:
9:
6:
4:
3:
2:
1302:
1291:
1288:
1286:
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1215:
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1210:
1207:
1206:
1204:
1200:
1190:
1187:
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1177:
1175:
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1167:
1165:
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1157:
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1136:
1132:
1129:
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1119:
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1114:
1112:
1109:
1105:
1102:
1100:
1097:
1095:
1092:
1090:
1087:
1086:
1085:
1082:
1081:
1079:
1075:
1067:
1064:
1063:
1062:
1059:
1055:
1052:
1050:
1047:
1046:
1045:
1042:
1038:
1035:
1033:
1030:
1028:
1025:
1023:
1020:
1018:
1015:
1014:
1013:
1010:
1009:
1007:
1003:
997:
994:
990:
987:
985:
982:
980:
977:
975:
972:
971:
970:
967:
966:
964:
960:
957:
953:
949:
942:
937:
935:
930:
928:
923:
922:
919:
910:
907:
905:
902:
901:
896:
891:
884:
881:
880:
860:. 7 July 2020
859:
855:
849:
834:
830:
823:
807:
803:
799:
792:
776:
772:
768:
761:
759:
743:
739:
733:
717:
713:
707:
691:
687:
680:
678:
676:
660:on 9 May 2012
659:
655:
651:
644:
642:
626:
622:
615:
613:
611:
595:
591:
585:
583:
566:
562:
558:
551:
549:
532:
528:
522:
520:
500:
494:
492:
490:
488:
486:
469:
465:
458:
454:
446:
444:
440:
439:restructuring
430:
427:
424:
422:
416:
414:
404:
402:
397:
395:
390:
387:
385:
380:
378:
377:APL Logistics
374:
370:
366:
356:
354:
350:
346:
342:
337:
335:
334:Goh Chok Tong
331:
321:
312:
310:
306:
302:
298:
297:shipping line
294:
290:
286:
278:
275:
273:
269:
266:
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246:
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128:
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118:
107:
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100:
96:
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81:
77:
74:
71:
67:
56:
52:
48:
44:
41:
38:
34:
30:
25:
19:
1077:THE Alliance
1036:
894:
862:. Retrieved
857:
848:
836:. Retrieved
832:
822:
812:19 September
810:. Retrieved
806:the original
801:
791:
779:. Retrieved
770:
745:. Retrieved
741:
732:
722:27 September
720:. Retrieved
716:the original
706:
694:. Retrieved
690:the original
662:. Retrieved
658:the original
653:
628:. Retrieved
624:
597:. Retrieved
593:
569:. Retrieved
565:the original
560:
535:. Retrieved
506:. Retrieved
472:. Retrieved
468:the original
457:
443:Asia-Pacific
436:
428:
425:
421:Ng Yat Chung
417:
410:
398:
394:Ng Yat Chung
391:
388:
381:
362:
338:
327:
318:
308:
305:restructured
288:
284:
283:
272:Subsidiaries
242:Total equity
221:Total assets
105:Headquarters
97:Acquired by
36:Company type
18:
1084:Hapag-Lloyd
979:Hamburg Süd
962:2M Alliance
742:www.joc.com
121:Area served
1229:Categories
1154:Arkas Line
449:References
200:Net income
131:Key people
86:2020-10-01
61:1968-12-30
40:Subsidiary
1138:Yang Ming
1061:Evergreen
984:Safmarine
125:Worldwide
114:Singapore
110:Singapore
49:Transport
1089:CP Ships
877:See also
775:Archived
664:3 August
531:Archived
508:27 March
149:Services
46:Industry
1202:Defunct
1179:Wan Hai
1104:DAL/JTE
1027:Comanav
1012:CMA CGM
989:SeaLand
833:Reuters
781:10 June
474:19 June
413:CMA CGM
315:History
301:CMA CGM
265:CMA CGM
254:million
233:million
212:million
191:million
170:million
157:Revenue
99:CMA CGM
84: (
79:Defunct
69:Founder
59: (
54:Founded
1164:Matson
1147:Others
1131:K Line
1032:Delmas
969:Maersk
955:Active
892:about
571:2 July
345:K Line
256:(2013)
235:(2013)
214:(2013)
193:(2013)
172:(2013)
1159:IRISL
1044:COSCO
864:8 May
838:8 May
747:8 May
696:8 May
630:8 May
599:8 May
537:8 May
502:(PDF)
349:COSCO
261:Owner
1099:UASC
1094:CSAV
1054:OOCL
1049:CSCL
866:2021
840:2021
814:2016
783:2016
749:2021
724:2013
698:2021
666:2012
632:2021
601:2021
573:2016
539:2021
510:2014
476:2016
351:and
341:OOCL
94:Fate
1189:ZIM
1126:MOL
1121:NYK
1111:HMM
1037:NOL
1022:APL
1017:ANL
996:MSC
289:NOL
277:APL
166:S$
1231::
856:.
831:.
800:.
773:.
769:.
757:^
740:.
674:^
652:.
640:^
623:.
609:^
592:.
581:^
559:.
547:^
518:^
484:^
347:,
343:,
311:.
112:,
940:e
933:t
926:v
868:.
842:.
816:.
785:.
751:.
726:.
700:.
668:.
634:.
603:.
575:.
541:.
512:.
478:.
287:(
88:)
63:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
