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. They are really renewing their fleet in anticipation of upturn. Looking for abbreviations of NOL? Stay up-to-date with our daily logistics news. 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 In 2014, the company's revenues2 reached USD 7.04 billion. [2] By the 1970s, during an era marked by the move to containerised cargo, NOL's fleet had grown to 21. Reuters. NOL is founded as Singapore's national shipping line with a fleet of just five vessels. NEPTUNE ORIENT LINES . Neptune Orient Lines was incorporated in 1968 and is located in Singapore, Singapore. That could begin The Company is engaged in the ownership and charter of vessels, as well as participates in ventures related to these activities. efficiently.". At a glance: The Neptune Orient Lines story. The N/A ratio of Neptune Orient Lines Limited is significantly lower than the average of its sector (Marine Transportation): 5.48. The Group's key brands are APL and APL Logistics. CMA CGM, which ranks behind No. With this acquisition, the fifth in the year, Neptune Lines' owned fleet grows to 19 vessels adding the necessary capacity to cope with. In 2001, APL Logistics was established as a separate business unit. The transaction will be financed by a combination of available cash and bank financing provided by a syndicate of international banks. The gift link for this subscriber-only article has expired. 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. APL said it will turn its By registering, you agree to our T&C and Privacy Policy. as soon as March. The company . 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 The government transfered ownership of NOL to Singapore investment firm Temasek Holdings - the firm's biggest shareholder today with a 67 per cent stake. Thank you. michael_zampa@apl.com, About APL End-of-day quote Singapore Stock Exchange A Progressive Digital Media business COMPANY PROFILE Neptune Orient Lines Limited REFERENCE #06-00 119962 Singapore Telephone: (65) 278-9000 Fax: (65) 278-4900 http://www.nol.com.sg Statistics: 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 [3] [4] On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited. 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. 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. Wewelcome your feedback, ideas and suggestions. (65) 6371 5022 end_of_the_skype_highlighting shipping containers over the road. NOL Bldg. NOL is part of the CMA CGM Group, a leading worldwide shipping group founded in 1978 by Jacques R. Saad. fleet over to organizations that specialize in providing 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. "By relying on providers who specialize in Here's a quick look at the journey of Neptune Orient Lines (NOL) from its inception to buyout: Dec 30, 1968. Copyright 2022 SPH Media Limited. April 12, 2016. The carrier said divestiture will begin with a pilot program | September 8, 2022 Mr Ng Yat Chung (left), chief executive of Neptune Orient Lines (NOL) and Mr Rodolphe Saad, vice-chairman of CMA CGM shake hands. 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. Neptune Orient Lines Limited (NOL) is a Singapore-based global container shipping company with about 6,000 staff across over 80 countries. 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. 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) Its terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America . Neptune Orient Lines Ltd., Singapore - white flag, three wavy horizontal lines, green rain out of the fly. The Neptune Pearl was the first purpose-built containership commissioned by the Neptune Orient Lines (NOL) shipping company for its fleet. 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. In recent years carriers have divested NOL reports US$57 million Year-on-Year improvement in Core EBIT One-time charges for restructuring, vessels held for sale contribute . Reviews from Neptune Orient Lines employees about Neptune Orient Lines culture, salaries, benefits, work-life balance, management, job security, and more. chassis to drayage companies. The address of the Company's registered office is at the THE METROPOLIS building. Download Table | 2: Neptune Orient Line, Inc. These ships are enhanced with high-end environmental technologies, resulting in improved energy efficiency and reduced environmental footprint. 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. capacity of 2.4 million TEUs and combined fleet of 563 vessels Maersk shares rose 2.4 . 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. extend to East Coast sea ports in 2013, APL said. Austrias transporters are committed to climate protection, Kuehne + Nagel opens new German headquarters in Bremen, Hapag-Lloyd: Ten commandments for more quality. 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. Neptune Orient Lines. 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. Copyright 2022 - NEPTUNE LINES All rights reserved. [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. No. NOL is a leading shipping company operating under the American President Lines (APL) brand. Download Unionpedia on your Android device! 202120748H. 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. CMA CGM has a global presence thanks to its numerous vessels calling various ports all over the world. 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. Controlled Containership Fleet in 1989 from publication: Finding a cycle with maximum profit-to-time ratio : an application to optimum deployment of . Neptune Orient Lines also owns APL, the 10th-largest container shipping line by fleet size with terminals in six countries. APL is a global container shipping business offering The transaction would enable NOL to grow as part of a larger entity with the resources of the worlds third largest container shipping line. chassis management, equipment is deployed more At a glance: The Neptune Orient Lines story, All done! The board unanimously approved the transaction. Photo: Bloomberg NOL Bldg. The company is a wholly owned subsidiary of the CMA CGM Group. The Company's Liner segment provides operations of container transportation, terminals and provision of other related services. SONAR Market Update; Startups; Supply Chains; The Future of Freight; Blockchain; Risk & Compliance. NOL's ships still operate under the APL brand. NOL is a leading shipping company operating under the American President Lines (APL) brand. Please contact our team ( nl@neptunelines.com) to provide you with requested sailing schedule. 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. 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. Volume of over 2 million forty-foot equivalent units (FEU) is transported worldwide every year 3. FreightWaves; SONAR ; American Shipper; Modern Shipper; FreightWaves Ratings; Back the Truck Up; Trending Now. Free. About Neptune Orient Lines Neptune Orient Lines Ltd. is an investment holding company that is engaged in container shipping and supply chain management. Follow ST on LinkedIn and stay updated on the latest career news, insights and more. Neptune Orient Lines Limited is an investment holding company. Neptune Orient Lines Limited announced that it has incorporated a new wholly-owned Singapore subsidiary to be known as NOL Liner (Pte.) In 2014, the Group handled over 12 million TEUs and generated USD 16.74 billion in revenues. NEPTUNE ORIENT LINES LIMITED (the "Company") is a Public Company Limited by Shares, incorporated on 30 December 1968 (Monday) in Singapore. 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. 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. APL said today it will begin phasing out its U.S. fleet Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. 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. Many analysts viewed it as expensive but the deal gave NOL the critical mass to compete globally on major container trades. No results Subscribe to our newsletter. Reviews from Neptune Orient Lines employees about Neptune Orient Lines culture, salaries, benefits, work-life balance, management, job security, and more. 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: 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. [3] 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. Company Type: Public. CMA CGM Petitions EU To Acquire Neptune Orient Lines. Overall, we expect fleet capacity to shrink by ~5% after the planned retirement of 34 chartered vessels are completed by FY15. at terminals in Denver and Salt Lake City. NOL acquired 150-year-old shipper American President Lines - now known as APL - for nearly US$825 million (S$1.15 billion). In 2014, the Group handled over 12 million TEUs and generated USD 16.74 billion in revenues. [5] [6] 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. The Company current operating status is live and has been operating for 54 years. Menu; Read. 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. The Company operates through its Liner segment. www.cma-cgm.com www.nol.com.sg. 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. MCI (P) 076/10/2022, MCI (P) 077/10/2022. Divestiture will 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. Neptune Orient Lines NOL. 153 vessels and a container fleet of 1,141,370 units. NOL is a leading shipping company operating under the American President Lines (APL) brand. operations with leading-edge IT and e-commerce. Copyright 2022 Surperformance. Read this subscriber-only article for free! 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. APL Web site: www.apl.com. 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. than 140 ports worldwide. Media Inquiries: 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. Neptune Orient Lines. Neptune Orient Lines (NOL) was incorporated on 30 December 1968 as Singapore's national shipping line. Neptune Orient Lines listed as NOL Looking for abbreviations of NOL? Mike Zampa Thanks for subscribing Please enter an email address Something went wrong Sign up. 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. NOL, through its operating brand, the container carrier APL, has had its share of . Dec 7, 2015, 9:04 pm . CMA CGM. Seroka from the company's U.S. headquarters in The sale was part of the company's efforts to strengthen its financial position and focus on its loss-making container shipping business. 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. 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%. NOL - Neptune Orient Lines. their fleets to cut costs and create chassis pools that NOL sold the profit-making APL Logistics to Japanese freight carrier Kintetsu World Express for US$1.2 billion. This acquisition would enable CMA CGM to reinforce its position in the container shipping industry, and achieve the following: 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 . 2022 National Heritage Board. 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