Better for NOL to list logistics unit than to sell it

THE confirmation by Neptune Orient Lines (NOL) that it is considering selling off its logistics unit or listing it as a separate entity comes as the logistics and shipping company explores desperate measures to keep the group afloat.

While a spin-off listing could prove to be a masterstoke, the option of selling the logistics business appears puzzling and may in fact pave the way for the company to eventually get rid of its other assets.

NOL has cautioned investors that these considerations are p…