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Neptune Orient Lines Limited

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Neptune Orient Lines Limited

Neptune Orient Lines Limited
Public
Traded as Template:Sgx
Industry Transport
Founded December 1968
Founder(s) Captain Muhammad Jalaluddin Sayeed
Headquarters

Singapore, Singapore

456 Alexandra Road, NOL Building
Area served Worldwide
Key people Ng Yat Chung (CEO)[1]
Services Shipping services, logistics services
Subsidiaries APL, APL Logistics
Website NOL Homepage


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. The Group's brands include APL and APL Logistics.

History

Neptune Orient Lines started in December 1968 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.[2]

Containerization

In the 1970s containerisation was introduced. In the mid-1970s, NOL's managing director was Goh Chok Tong, who went on to become Singapore’s second Prime Minister.[3] The company then entered the Asia-Europe trade as part of the ACETemplate:Dn consortium with partners OOCL and K Line. Meanwhile, it entered the key Trans-Pacific Trade with a standalone service.

Merger

In 1997, NOL and APL (formerly American President Lines) merged. APL’s heritage dates back to 1848.

Following the merger, APL name was adopted as the public brand name. The NOL name was retained for the holding company, which was listed on the Singapore stock exchange and was well-known to its investors. The company focused on managing global supply chains in 2001 when APL Logistics was established as a separate business unit.

NOL completed the divestment of its tankering businesses AET and NAS in 2003, to concentrate on the company’s core container shipping and logistics services. [4]

References

External links

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