NOL Led Group Bids For Koja Container

NOL Led Group Bids For Koja Container Terminal

Wednesday, June 14, 2000

A consortium led by Singapore shipping group Neptune Orient Lines (NOL) has put in a $150 million bid for Indonesia's Koja Container Terminal in Jakarta's Tanjung Priok port area. The other members of the group include Singapore government's investment arm, Temasek Holdings, and Indonesian shipping firm Samudera Shipping Line Ltd. Competing against NOL is Hong Kong Tycoon Li Ka-Shing's Hutchison Whampoa, according to a report in the Business Times.

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