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10 December 2019 The on-line newspaper devoted to the world of transports 22:11 GMT+1



December 2, 1998

NOL optimistic for 1999 returns

SINGAPORE'S Neptune Orient Lines (NOL) is reported to be confident that rewards from the 1997 takeover of American President Lines (APL) will be reaped from the beginning of 1999.

Cost savings from the acquisition are estimated to be worth around US$160 million every year for NOL.

Reports state that NOL may sell its investments in the Philippines' intra-Asia ......
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