Neptune Orient Lines Sale Boosts Singapore's Hub AmbitionsBy and
Temasek disposes of its stake in money-losing shipping line
New owner will deploy more vessels to Singapore's port
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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