Independent journal on economy and transport policy
13:41 GMT+1
Will Asia's shippers be forced to pay for fines imposed by EC?
(Shipping Times)
September 21, 1998
By David Hughes
IT was not the happiest of weeks for Singapore's national carrier Neptune Orient Lines (NOL).
Shortly after group deputy president and deputy chief executive officer, Lim How Teck, conceded that the company would make a whole-year loss in 1998 came news that the European Commission (EC) had fined NOL US$16 million (S$27.5 million).
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