Reuters, 31 Aug 2008, Saeed Azhar and Daryl Loo
SINGAPORE, Aug 31 (Reuters) - Ronald Widdows, chief executive of Neptune Orient Lines, is about to take what will likely be the biggest gamble of his 37-year shipping career.
Widdows wants to gobble up German rival Hapag-Lloyd, double the size of the company he heads in Singapore, to create the world's third-biggest container shipping firm.
The move has met with apprehension in Germany and hundreds of Hapag-Lloyd workers protested outside Singapore's embassy in Berlin against the cross-border swoop a day before the German government passed a law to shield firms from foreign predators.
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A big gamble by the chief of Neptune Orient Lines - International Herald Tribune, 31 Aug 2008
