Blue chip’s delisting highlights Singapore’s shipping industry woes

TIN news: Neptune Orient Lines, Singapore’s flag carrier shipping company, will be delisted as it will be acquired by a French rival amid toughening business environment. The fate of NOL reflects a downtu and new realities in the trading nation’s shipping industry. An expansion of business scale is necessary to overcome difficult conditions in the shipping industry, NOL CEO Ng Yat Chung said at a press conference on Dec. 7, aouncing that the container shipping line will be acquired by shipping ...