ShippingWatch

Rumors boost container company on Singapore Exchange

The rumors of a sale are gaining momentum in regards to the shipping company Neptune Orient Lines which is behind the world's 12th largest container carrier APL and this Monday, the NOL stock is increasing dramtically.

The investors seem to be speculating that the sale of NOL is approaching after the Wall Street Journal wrote on Thursday that the state-owned Temasek had put its shareholding of 65 percent up for sale, and has been in talks with several potential buyers during recent months.

And in a comment on the rumors, the NOL management does not reject the story:

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