NOL Group Announces New Regional Structure for Asia

Initiative consistent with Group’s focus on costs and maintaining service levels

December 11, 2008: Neptune Orient Lines (NOL) today announced a change to the organisation of its Asian operations.

From 1 January 2009, the Group's Asia-wide container shipping business will be coordinated through two rather than the current three regions.

NOL Group CEO, Ron Widdows, said: "Despite the current depressed market environment, Asia will continue to be a cornerstone of world trade. The structuring of our Asian operations around two key regions will support efforts to place NOL's cost base on a more sustainable footing, while enabling closer coordination of activities in adjacent countries. This will ensure we continue to provide the highest standards of service to our many customers whose supply chains touch Asia."

Under the new structure, the existing Greater China region will be combined with the company’s Japan and Korea operations - currently part of the Asia-Middle East region - to form a new North Asia region. NOL’s current South Asia President Ken Glenn will take on the role of President North Asia.

The current President of NOL’s Asia-Middle East region, Jim McAdam, will be the President of the South Asia region, which will encompass company activities across South East Asia, the Indian subcontinent, the Middle East and Australasia.

Dan Ryan, who has been the President of NOL’s Greater China region since August 2006, is to take up a key role with the company in the United States.

About NOL
Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. Its container shipping arm, APL, provides world-class container shipping services and intermodal operations supported by leading-edge IT and e-commerce. Its APL Terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America. Its logistics business, APL Logistics, provides international, end-to-end logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: ww.nol.com.sg

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