Monday, September 22, 2008

Daily news - 22 Sep

NOL will definitely bid for Hapag-Lloyd: report
Neptune Orient Lines (NOL) will definitely bid for TUI container shipping unit Hapag-Lloyd, German paper Welt am Sonntag reported, quoting NOL chief executive office Ronald Widdows. Mr Widdows said his company would bid for Hapag-Lloyd by Sept 26, but added that the chances of TUI selling the business were only 50 per cent, according to the report. The paper also quoted Mr Widdows as saying the global container-shipping business would remain difficult for the next 18 to 24 months.

Source: Kim Eng

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