Subscribe to RSS feedNOL and Zim receive fresh cash boosts to steady ships
NEPTUNE Orient Lines is raising S$1.4bn (US$974m) from a rights issue to repay debt and support investment opportunities, while Israeli line Zim has received a US$50m injection from parent company Israel Corp as its losses mount.
Israel Corp said last week the loan was the first tranche of a US$150m investment it had already provisionally agreed to advance and follows the first quarter loss of US$119m that Zim.
Meanwhile, Singapore-listed NOL announced a three-for-four rights...
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