Independent journal on economy and transport policy
08:24 GMT+2
Singapore Shipping Line's Allure Grows After Unit Sale
(Bloomberg)
March 25, 2015
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 ...... Read more on Bloomberg
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