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MOL Announces Opening of New Branches in China
Monday, 16 July 2012 02:11
molMOL (Asia) Ltd. announced today the opening of Fuzhou and Zhongshan Branch of MOL (China) Co., Ltd. (Head Office: Shanghai), MOL’s wholly owned subsidiary. The branches will start operations from July 16, promoting MOL services to customers and responding timely to our customer’s needs. 
These new branches at Fuzhou and Zhongshan which replaces representative offices of MOL, could provide powerful and flexible sales force and strengthen MOL’s self-network in China. 
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Revenue from sale of NOL building a relief to battered balance sheet Monday, 16 July 2012 | 00:00
Monday, 16 July 2012 01:54
nolThe Singapore line will get a good price for its home, and like all the world’s top carriers, rapidly mounting losses need to be stemmed.
When it comes to investment strategies, property is generally deemed to be a highly attractive long-term prospect. That’s why people in the financial advising business advise people to buy rather than rent. No point in paying off your landlord’s home.
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Few hundred fired in NOL shake-up Friday, 06 July 2012 | 16:30
Monday, 09 July 2012 01:41
nolNeptune Orient Lines (NOL) has completed its restructuring announced in May along with first quarter losses of US$254 million and laid off a few hundred globally.
An NOL spokesman confirmed that the company had laid off "a few hundred" globally, mostly in its liner shipping business, APL, rather than its logistics arm, reported Business Times Singapore.
The lay-offs are less extensive than when NOL carried out a similar exercise in late-2008 where over 1,000 jobs were cut globally.
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