Singapore’s Neptune Orient Lines (NOL) has announced a conditional agreement to sell its crude oil transportation company American Eagle Tankers (AET) to Malaysia International Shipping Corporation Berhad (MISC). MISC is a fully-owned subsidiary of Malaysia’s state oil and gas company Petronas. NOL chairman Cheng Wai Keung said: “This is a strategic move that will allow…
SINGAPORE: NOL sells tanker unit to Petronas’s MISC
Posted on May 7, 2003 by EnergyAsia