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25 August 2019 The on-line newspaper devoted to the world of transports 11:09 GMT+2

March 25, 2015

Singapore Shipping Line's Allure Grows After Unit Sale

by Joyce KohAngus Whitley and Kyunghee Park

(Bloomberg) -- The shipping company that helped cement Singapore's status as a global trade hub may be shaping up as a takeover candidate.
The appeal of Neptune Orient Lines Ltd. has increased after it agreed to sell its logistics unit last month for $1.2 billion to cut debt. Analysts project the company, which moves goods globally, will benefit from the U.S. economic recovery and return to profit in 2015 after four straight years of losses ......
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