Neptune Orient Lines
From Taighde
Neptune Orient Lines is one of the biggest shipping companies in the world. It is based in Singapore and Temasek Holdings controls 68% of the company.
Neptune Orient Lines was established in 1968 as Singapore's national shipping line. Starting at five fleets, it grew throughout the 60's and 70's to 20 fleets in 1973. Its first profit-turning Managing Director, Goh Chock Tong, went on to become Singapore's second Prime Minister. Today, NOL holds more than 11, 000 staff, and transport over 2 million 40 foot containers daily. Its growth might be attributed to flexibility and creative leadership. Timing might also have played a role. In the early days of containerization, NOL was not burdened by a fleet of outmoded ships. Instead, NOL stood free to invest in purpose-built vessels. NOL is partnered with OOCL and K Line for its Asia Europe-routes, and stands alone for Trans-Pacific routes.
In 1981, NOL had its Initial Public Offering, thus diversifying its ownership beyond government ownership. The Singapore Government has been a strategic shareholder in the company from the time of NOL’s formation in 1968. As at November 2006 the shareholding of Singapore’s Government-owned investment company Temasek Holdings stood at 68% of NOL’s issued capital. In 2004 Temasek, which then owned 30 percent of NOL, bid to take over the company completely, but only managed to acquire a 68.9 percent share.
Leadership
| Cheng Wai Keung | Chairman |
| Kwa Chong Seng | Incoming chairman-April 2012 |
| Ang Kong Hua | Vice Chairman |
| Friedbert Malt | Vice Chairman |
| Thomas Held | Group President, CEO, and Director |
| Kuok Lay Hoon | Chief Human Resources Officer |
| Ronald D. (Ron) Widdows | CEO, APL |
| Cedric Foo | Group Deputy President, President, Asia/Middle East, and CFO |
| John Bowe | President, Americas . |
| Brian T. Lutt | President, APL Logistics |
| David (Dave) Appleton | President, Europe |
| Marjorie Wee | Company Secretary and General Counsel |
| Wong Kim Wah | Secretary |
| Wu Choy Peng | CIO |
| Jim McAdam | President, Asia and Middle East |
| Kenneth Glenn | President, South Asia |
| Daniel Ryan | President, Greater China |
| Lim Siew Siew | Director, Investor Relations |
| Paul Barrett | Director, Corporate Communications |
| Dave Goodwin | VP, Corporate Affairs |
Government Pension Fund of Norway
The Government Pension Fund of Norway held a 0.24% stake in the company as of December 31, 2009. The stake is valued at $7,326,309.
| Date | Ownership | Voting | Value |
|---|---|---|---|
| December 31, 2009 | 0.24% | 0.24% | $7,326,309 |
| ||||||||||||||
