much on references to primary sources . please improve this by adding secondary or tertiary sources . september 2012 learn how and when to remove this template message neptune orient lines limited type subsidiary industry transport founded december 1968 founder captain muhammad jalaluddin sayeed headquarters the metropolis 9 north buona vista drive singapore singapore area served worldwide key people rodolphe saad chairman nicolas sartini ceo 1 services shipping services revenue s 8 831.193 million 2013 2 operating income s 583.939 million 2013 2 net income s 71.968 million 2013 2 total assets s 9 029.035 million 2013 2 total equity s 2 130.811 million 2013 2 owner cma cgm subsidiaries apl website nol.com.sg ex nol building located along alexandra road neptune orient lines limited nol is a singapore based global container shipping company with about 6 000 staff across over 80 countries . the company is a wholly owned subsidiary of the cma cgm group . contents 1 history 1.1 containerization 1.2 merger with apl 1.3 sales of nol to france s cma cgm 2 references 3 external links history edit in december 1968 neptune orient lines was started as singapore s national shipping line . wholly owned by the singapore government it was formed in an effort to develop and support singapore s economy . 3 containerization edit in the 1970s containerisation was introduced . in the mid 1970s nol s managing director was goh chok tong who went on to become singapore s second prime minister . 4 in 1975 nol then entered the asia europe trade as part of the ace consortium with partners oocl k line cosco and franco belgian services known as the third force in the container shipping world . 5 meanwhile it entered the key trans pacific trade with a standalone service . merger with apl edit in 1997 nol made a 825 million acquisition of apl . apl s heritage dates back to 1848 . 5 following the merger apl name was adopted as the public brand name . the nol name was retained for the holding company which was listed on the singapore stock exchange and was well known to its investors . the company focused on managing global supply chains in 2001 when apl logistics was established as a separate business unit . in 1998 the asian economic crisis hit hard nol saw losses mount to us 460 million while its debt was more the us 4 billion . the company sold off assets to clear the debt and by 1999 was profitable again . 5 in 2003 nol completed the divestment of its tankering businesses aet and nas to concentrate on the company s core container shipping and logistics services . 4 on 17 february 2015 apl logistics was sold to kintetsu world express inc. for us 1.2 billion . 6 sales of nol to france s cma cgm edit on 9 june 2016 it was announced that temasek will tender its nol shares to cma . cma cgm launched an all cash voluntary conditional general offer for outstanding nol shares at sgd 1.30 apiece . the deal is worth sgd 3.38 billion and eventually will be delisted from the singapore exchange . 7 the company announced in may 2016 reported net losses of us 105.1 million s 142 million for the first quarter ended march 31 higher than the us 10.8 million a year earlier . former ceo mr ng acknowledged that the company had been a bit slow and reluctant to change . 7 on june 28 2016 cma cgm said it will proceed to delist nol after it crossed the 90 per cent ownership threshold in the company 8 and nol was subsequently delisted on september 5 2016 . 9 references edit nol appoints new ceo cfo amid takeover by france s cma cgm . channel news asia . retrieved 19 june 2016 . a b c d e unaudited financial information for the year ended 27 december 2013 pdf . neptune orient lines limited . 27 february 2014 . retrieved 27 march 2014 . neptune orient lines limited history . funding universe . retrieved 2012 08 03 . a b neptune orient lines . singaporeinfopedia . retrieved 2012 08 03 . a b c https www.fool.sg 2013 11 11 5 things you should know about neptune orient lines http www.joc.com international logistics nol sells apl logistics kintetsu 12 billion 20150217.html a b hermes 2016 06 08 . nol did not adapt fast enough says ceo . the straits times . retrieved 2016 06 10 . nol to be delisted after france s cma cgm crosses 90 % ownership threshold . channel news asia . 2016 06 28 . retrieved 2016 07 02 . nol to be delisted from sgx on tuesday . channel news asia . 2016 09 05 . retrieved 2016 09 19 . external links edit wikimedia commons has media related to neptune orient lines . library resources about neptune orient lines resources in your library resources in other libraries official website retrieved from https en.wikipedia.org w index.php title neptune orient lines & oldid 740042824 categories 1968 establishments in singaporecompanies established in 1968government owned companies of singaporeshipping companies of singaporetemasek holdingstransport operators of singaporehidden categories articles lacking reliable references from september 2012all articles lacking reliable referencescommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran aisbahasa melayunederlands edit links this page was last modified on 18 september 2016 at 18 23 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia 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