NOL and Philippines firm in deal

PUBLISHED : Friday, 24 March, 1995, 12:00am
UPDATED : Friday, 24 March, 1995, 12:00am

NEPTUNE Orient Lines (NOL) has entered into a technical support agreement with Lorenzo Shipping Corp (LSC) of the Philippines.

LSC is one of the Philippines' major containerised cargo shipping companies operating on the domestic routes.

The agreement will let LSC tap into the vast technical resources of NOL.

NOL will help improve LSC's capabilities in the areas of information technology through state-of-the-art computer systems management, training technology and maintenance support.

NOL will provide LSC with the latest technological advances in ship operations, ship chartering, container port and technical operations.

Other fields to receive NOL assistance include vessel operations, bunkering, ship agencies, container depot operations, land transport and forwarding, warehousing storage and shipbuilding and repairs.

The tie-up will also help LSC to revitalise its fleet. LSC's new vessels, the Lorcon Cebu and Lorcon Visayas, will operate a new route from Manila to Cebu and increase frequencies and capacity to southern cities. LSC is also planning to improve its container yards.