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SINGAPORE'S MAJOR SHIPPING LINE

NEPTUNE ORIENT LINES (NOL)

The NOL Group today provides services in more than 100 countries and operates one of the largest containership and Aframax tanker fleets worldwide. It is also the largest shipping company listed on the Singapore Exchange with a market capitalization of S$1.29 billion as of 26 February 2002.

As part of its core business activity, the NOL Group operates a network of container transportation services on major international trade routes. In November 1997, NOL’s container transportation division merged with AMERICAN PRESIDENT LINES -  APL Ltd to create one of the world’s largest container shipping lines. The new entity now operates under the APL brand name. Apart from container transportation in the trans-Pacific, Asia-Europe, trans-Atlantic, Latin America, intra-Asia and Australia markets, NOL also provides supply chain management services for international shippers through its subsidiary, APL Logistics.