Neptune Orient Lines Sale Boosts Singapore's Hub Ambitions

  • Temasek disposes of its stake in money-losing shipping line
  • New owner will deploy more vessels to Singapore's port

CMA CGM's Saade, Neptune Orient's Ng Discuss Deal

CMA CGM SA’s S$3.38 billion ($2.4 billion) takeover of Neptune Orient Lines Ltd. offers two advantages for Singapore: It allows state investment firm Temasek Holdings Pte to get rid of a money-losing business, while furthering the city-state’s ambitions as a shipping hub.

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