Once again, the press has indicated that the cash-strapped Neptune Orient Line (NOL) is up for grabs.
Headquartered in Singapore, NOL is the largest shipping company listed on the Singapore Exchange, with its core trading business being the carrier APL.
The Wall Street Journal reported that 65% owner Temasek Holdings is scouting the market for potential buyers.
It’s understood so far that talks with a potential buyer have taken place but both parties were unable to agree on a price for the business, the report said.
Cash-strapped line rumoured to be up for grabs
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