Neptune Orient Lines , a Singapore container shipping line, said on Wednesday it was looking at German container liner Hapag-Lloyd among options for consolidation among shipping firms. "We have to look at all opportunities. So of course we have to look at this," Chief Executive Thomas Held told reporters on the sidelines of the group's annual general meeting.
Earlier this month, an industry source told Reuters that German tourism and shipping group TUI has held talks with NOL, controlled by Singapore state investor Temasek, over TUI's Hapag-Lloyd shipping business.
The companies established contact after a TUI supervisory board meeting in mid-March that agreed to split up the group, said the source, who is familiar with the situation at TUI.
Earlier this month, an industry source told Reuters that German tourism and shipping group TUI has held talks with NOL, controlled by Singapore state investor Temasek, over TUI's Hapag-Lloyd shipping business.
The companies established contact after a TUI supervisory board meeting in mid-March that agreed to split up the group, said the source, who is familiar with the situation at TUI.