Wednesday, Jul 11, 2007
SINGAPORE (Dow Jones)--Singapore's Neptune Orient Lines Ltd. (N03.SG) said Thursday it will help equip and operate a new container terminal at Rotterdam as part of a consortium involving Hyundai Merchant Marine Co. (011200.SE), Mitsui O.S.K. Lines Ltd. (9104.TO), DP World and CMA CGM.
NOL said it will have a 20% stake in the 156-hectare container terminal, which will be operational in 2013 and have a capacity of 4 million 20-foot-equivalent container units.
"As our key hub in Europe, the new terminal will help us deliver the speed, scale and flexibility now demanded by customers with increasingly complex supply chains, and greatly enhance the overall capabilities of the Port of Rotterdam," NOL said in a statement.
-By Singapore Bureau; Dow Jones Newswires; 65-6415-4150; djnews.singapore.bureau@dowjones.com
-Edited by Brooke Donovan
(END) Dow Jones Newswires
11-07-07 2347GMT
