NOL to be part of the consortium selected to develop a new container terminal at Rotterdam

Customers to benefit from new Maasvlakte 2 container terminal

Singapore, 12 Jul 2007 - Global transportation and logistics group Neptune Orient Lines (NOL) today announced it has been advised by the Port of Rotterdam that a consortium comprising NOL, Hyundai Merchant Marine, Mitsui OSK Lines, DP World and CMA CGM has been awarded the right to equip and operate the first container terminal to be developed at Maasvlakte 2 in Rotterdam.

The 156 hectare terminal will have a capacity of around 4 million TEU and is expected to be operational in 2013.

NOL's share of the consortium will be 20%.

Mr Ron Widdows, CEO of NOL's container shipping line APL, said: "We are very pleased to be part of the winning Maasvlakte 2 consortium. As our key hub in Europe, the new terminal will help us deliver the speed, scale and flexibility now demanded by customers with increasingly complex supply chains, and greatly enhance the overall capabilities of the Port of Rotterdam. This investment will complement our extensive global network of container terminal assets."

About NOL
NOL is a Singapore-based global transportation and logistics company. Its container transportation arm, APL, provides customers around the world with container transportation services that combine high quality inter-modal operations with state-of-the-art information technology. Its supply chain services arm, APL Logistics, provides international, integrated logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: www.nol.com.sg

Media inquiries
Paul Barrett
Telephone: (65) 6371 7959
paul_barrett@nol.com.sg