NOL Gets Nod For $500M Fund Plan

Monday, July 12, 1999
Neptune Orient Lines’ (NOL) shareholders reportedly approved a $500 million capital raising initiative at an extraordinary general meeting.
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Moody Upgrades Port of Palm Beach

The Port of Palm Beach District announced that Moody’s Investors Service, Inc. upgraded the Port of Palm Beach District senior rating to Baa3 from Ba1, and reported the outlook to be stable.

Singapore-issued CoCs need Revalidation

Holders of Singapore-issued certificates of competency (CoCs) need to revalidate their CoCs to meet the requirements of the 2010 Manila amendments to the International

Asia-N.Europe Box Rates Plunge 17 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.3 percent to $259 per 20-foot container (TEU) in the week ended on Friday,

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