NOL restructures in Asia

    

Updated December 11





The JOURNAL of COMMERCE ONLINE



Neptune Orient Lines, parent of APL, announced that as of Jan. 1, its Asia-wide container shipping business will be coordinated through two rather than the current three regions.



"Despite the current depressed market environment, Asia will continue to be a cornerstone of world trade," said Ron Widdows, Group Chief Executive of Singapore-based NOL . "The structuring of our Asian operations around two key regions will support efforts to place NOL's cost base on a more sustainable footing, while enabling closer coordination of activities in adjacent countries."



Under the new structure, the existing Greater China region will be combined with the company’s Japan and Korea operations -- currently part of the Asia-Middle East region -- to form a new North Asia region.



South Asia President Ken Glenn will take on the role of president, North Asia.



The president of NOL’s Asia-Middle East region, Jim McAdam, will be the president of the South Asia region, which will encompass company activities across Southeast Asia, the Indian Subcontinent, the Middle East and Australasia.



Dan Ryan, who has been the president of NOL’s Greater China region since 2006, will take up what it described as a "key role" with the company in the United States.