{
    "success": true,
    "data": {
        "id": 1282033,
        "msgid": "nol-hopes-port-deal-finalized-this-month-1447893297",
        "date": "2000-06-21 00:00:00",
        "title": "NOL hopes port deal finalized this month",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "NOL hopes port deal finalized this month SINGAPORE (Dow Jones): Neptune Orient Lines Ltd. of Singapore said Tuesday it expects a final decision on the tender results for a container port project at Tanjung Priok, in Indonesia at the end of June. NOL's American President Lines unit is leading a consortium bid for 48.52 percent of Koja Container Terminal.",
        "content": "<p>NOL hopes port deal finalized this month<\/p>\n<p>SINGAPORE (Dow Jones): Neptune Orient Lines Ltd. of Singapore<br>\nsaid Tuesday it expects a final decision on the tender results<br>\nfor a container port project at Tanjung Priok, in Indonesia at<br>\nthe end of June.<\/p>\n<p>NOL's American President Lines unit is leading a consortium<br>\nbid for 48.52 percent of Koja Container Terminal.<\/p>\n<p>\"We understand no final decision will be made until the<br>\nshareholders' meeting at the end of the month,\" said Sarah<br>\nLockie, NOL's global head of communications, in a written<br>\nstatement Tuesday.<\/p>\n<p>Responding to an Antara news agency report Monday that Hong<br>\nKong-based Hutchison Port Holdings had won the bid, Lockie said:<br>\n\"NOL hasn't received any official notification on this bid.\"<\/p>\n<p>According to the report, Hutchison Port, a unit of Hutchison<br>\nWhampoa Ltd., made a bid of around US$147 million. It didn't<br>\nquote any sources.<\/p>\n<p>Vickers Ballas Holdings, nevertheless, reaffirmed its buy<br>\nrating in the company, adding that oil prices are showing signs<br>\nof easing, which is good news for NOL.<\/p>\n<p>The Koja terminal is 51 percent owned by state-run PT<br>\nPelabuhan Indonesia, or Palindo, while the remaining shares are<br>\nowned by the Humpuss Group, controlled by Hutomo Mandala Putra,<br>\nformer President Suharto's youngest son.<\/p>\n<p>NOL confirmed that APL is bidding for the stake being held by<br>\nthe Humpuss Group.<\/p>\n<p>The NOL consortium includes the Singapore government's<br>\ninvestment arm, Temasek Holdings Ltd., and Singapore-listed<br>\nIndonesian shipping company, Samudra Shipping Lines Ltd. (P.SDS).<\/p>\n<p>If successful, NOL will be the second Singapore company to own<br>\na chunk of a distressed Indonesian company.<\/p>\n<p>Earlier in the year, auto distributor Cycle &amp; Carriage Ltd.<br>\nsuccessfully bid for a cornerstone PT Astra International Ltd.<br>\nIts consortium included the Government of Singapore Investment<br>\nCorp.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/nol-hopes-port-deal-finalized-this-month-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}