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NOL
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sgng123
Supreme |
05-Dec-2013 13:53
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depend on us economy | ||||
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heisuke
Member |
05-Dec-2013 10:51
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If only
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Lucky03
Elite |
05-Dec-2013 08:49
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NOL will surge ? | ||||
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Lucky03
Elite |
04-Dec-2013 22:30
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PUBLISHED DECEMBER 04, 2013
Eurozone weak recovery confirmed, Oct retail sales disappoint PRINT |EMAIL THIS ARTICLE Rising inventories and investment kept eurozone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed on Wednesday - PHOTO: BLOOMBERG [BRUSSELS] Rising inventories and investment kept eurozone economic growth in positive territory in the third quarter despite a negative contribution from trade and no help from household demand which weakened further in October, data showed on Wednesday. The EU's statistics office Eurostat confirmed its previous estimate that gross domestic product in the 17 countries sharing the euro rose 0.1 per cent quarter-on-quarter for a 0.4 per cent year-on-year fall. The 9.5 trillion euro economy emerged from recession in the second quarter with 0.3 per cent quarterly growth, marking the end of its longest contraction since the creation of the euro. The rebound, however, remains fragile and uneven, undermined by record-high unemployment, fiscal austerity policies, slow structural reforms and a strong euro, which hurts exporters across Europe. |
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ascend88
Master |
04-Dec-2013 21:54
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Baltic Dry Index (BDI) +72 1994 | ||||
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sgng123
Supreme |
04-Dec-2013 11:12
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It is like bank why bank do restructuring when business is as usual. The Key idea is to reduce operating cost and improving profit margin. Don know how much discount APL giving to customer by having a integrated logistic system. Better to stick with simple port to port operation, deliver containers to destination then full stop. A simpler operation is easy to operate and less costly to maintain. | ||||
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Lucky03
Elite |
04-Dec-2013 00:13
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I thought their logistics arm is the one doing well. Will they divest and should they. Will dilution instead reduce the growth potential of NOL Group ?
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sgng123
Supreme |
03-Dec-2013 23:05
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Now last standing transatlantic and transpacific west coast tradeline also go into G6. No more APL branding need as rival liner are all carrying rival goods. Might see NOL split up logistic and shipping division since no need to offer comprehensive product as branding effort is undermine by G6 alliance. Divest logistic and port terminal asset to strengthen financial position and reduce Debt ratio from 2.0X to 1.0X.
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Lucky03
Elite |
03-Dec-2013 22:20
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Need to see NOL convincingly breaks above 1.07 with high volume.
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Lucky03
Elite |
03-Dec-2013 22:05
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Positive news for NOL ! | ||||
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ascend88
Master |
03-Dec-2013 21:58
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Baltic Dry Index (BDI) +57 1922 Rates | ||||
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pseudo
Member |
03-Dec-2013 19:46
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G6 alliance to expand to transatlantic and US west coast. All major trade lanes are now covered. | ||||
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Lucky03
Elite |
03-Dec-2013 19:39
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PUBLISHED DECEMBER 03, 2013 Global manufacturing PMI at highest since May 2011 JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 53.2 from October's 52.1, above the 50 mark that indicates growth for the 11th month and notching up its highest reading since May 2011 [LONDON] Global manufacturing activity expanded at its fastest pace since mid-2011 last month as new orders flooded in, a report showed on Monday. JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 53.2 from October's 52.1, above the 50 mark that indicates growth for the 11th month and notching up its highest reading since May 2011. New orders came in at their fastest pace since February 2011, pushing output growth to a matching high. "November PMI data signal a further acceleration in global manufacturing production. Near-term momentum remains positive,"said David Hensley, a director at JPMorgan. The headline index was boosted by solid growth in the United States, Japan and Britain, JPMorgan said, adding that a modest and fragile recovery continued in the euro zone. |
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Heero78
Veteran |
02-Dec-2013 16:56
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commitment bias |
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sgng123
Supreme |
29-Nov-2013 19:11
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actually the whole antitrust probe by EU on containers liner is trying to sidetrack P3 implementation in 2Q 14. In this case it the shippers vs Container liner, last 3 years it is container lines vs each other in rate war benefiting the shippers with very cheap freight rate. Now the rival liners are pushing to form 1 big alliance made the shipper very scared due to sudden huge spike of freight rate from a unsustainable low base. It is the kind of heart attack move when suddenly shipping cost for every export jumped 2-3 times as demand returned and liners cut excess capacity. Take for example currently shipping cost only account for 1% for actual item cost while the sustainable margin suppose to be 3%, in this case retailer booked the 2% saving as their own profit margin. When demand returned and freight rate recovered, retailer might had to stomach the increase shipping cost resulting in lower profit margin. When P3 is formed, very high chance the top 3 carriers would start to cut capacity and do very big rate hike which may caused shippers to worry about their profit margin as they taken low freight rate as norm lol. This is the nature of container shipping, it is either Feast Or Famine they either make big money or lose big no such thing as stable earning propect. Always trying to outdo each other in rate war and when rate war over all ganged up and jerk rate to ridiculous high level to recoup losses from last few years. Fear is coming in 2014 and if US economy rebound strongly, prepare to see freight rate sky rocket till 2016.
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Lucky03
Elite |
29-Nov-2013 07:11
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Euro zone business morale hits 27-month high
CNBC.com 11/28/13 5:54 AM ET By: Katrina Bishop Business morale across the euro zone carried on rising in November to its strongest level since August 2011 - boosting hopes that firms could spur on the 17-country region's bumpy economic recovery. The European Commission's monthly business and consumer survey, published Thursday, revealed that economic sentiment increased to 98.5 in November - up from 97.7 in October. The figure was higher than the 98 expected by analysts polled by Reuters. The increase was driven by improved confidence in services (which hit a 20-month high) and industry (a 27-month high) across the euro area, Europe's statistics agency Eurostat said. Morale did weaken in construction, however, and consumer confidence in November also slipped back, after growing for 11 straight months. (Read more: Euro zone economy losing steam as PMIs disappoint) "While the upward trend observed since May has been preserved, the improvement in confidence has noticeably decelerated over the past two months, mirroring differences in developments across sectors," Eurostat said in a release accompanying the data. PLAY VIDEO Michael Heise, chief economist at Allianz, says deflation could be good for southern Europe's competitiveness. The mixed picture comes amid concerns about the strength of the euro zone's economic recovery. After the longest contraction in continental Europe in over 40 years, the region pulled out of an 18-month stretch of negative growth in the second quarter of 2013. But data published earlier this month revealed that the euro zone's economic growth slowed in the third quarter. Gross domestic product (GDP) for the 17-nation bloc came in at just 0.1 percent quarter-on-quarter in the third quarter, marking a slowdown from a 0.3 percent expansion in the second quarter. Meanwhile, last week, the composite purchasing manager's index (PMI) survey for the region revealed that business activity in the euro zone fell unexpectedly in November, prompting concerns that the region's recovery was losing steam. (Read more: Why euro zone slowdown should worry the world) Howard Archer, chief U.K. and European economist at IGS Global Insight, said Thursday's business and consumer survey supported hopes that the euro zone could gradually establish economic recovery - despite the relapse in GDP growth. "Looking ahead, the hope for the euro zone is that current rising confidence will encourage businesses to lift their employment and investment plans," he said in a note. "However, November's dip in consumer confidence reinforces suspicion that euro zone consumers will likely remain generally pretty cautious in their spending in the near term at least which will hardly help growth prospects." Economic sentiment improved in four of the five largest euro zone economies - Italy, Spain, the Netherlands and Germany - but deteriorated in France, in yet another sign that the country's economy was being left behind. (Read more: Is France heading for a new recession?) The survey came on the same day that separate data, published by the European Central Bank (ECB), reveal that lending to businesses in the euro zone disappointed in October. Lending to euro zone businesses fell by 14 billion euros in October - after slipping by 11 billion euros in September. "Banks likely believe the economic situation and outlook in many euro zone countries still provides an uncertain and risky backdrop in which to lend despite the euro zone eking out modest growth since the second quarter," Archer added. |
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Lucky03
Elite |
28-Nov-2013 09:01
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Will shippers such as APL of NOL benefits if there is any restriction imposed on the 3 big shippers for involvement in antitrust violation ?
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Lucky03
Elite |
28-Nov-2013 02:18
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NOL says not involved in EC antitrust proceedings
By Marcus Hand from Singapore Singapore?s Neptune Orient Lines (NOL) says it is not involved in antitrust proceedings by the European Commission (EC) over alleged price fixing on the Asia ? Europe trade. The EC has initiated formal proceedings against undisclosed container lines over alleged price fixing on the Asia ? Europe trade with a focus on box rate increases in 2009. NOL was one of the lines involved in ?dawn raids? by the EC in May 2011, which led to the announcement of formal proceedings against line last Friday. ?APL and its parent company NOL are not the subject of the antitrust proceedings announced by the European Commission on November 22, 2013,? NOL said in a statement. ?We have no other information regarding this matter,? the company added. Among the other companies involved in the 2011 raids were OOCL, Maersk Line and Hapag-Lloyd. Mearsk said it was cooperating with EC investigations. |
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Lucky03
Elite |
28-Nov-2013 02:16
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Agree with you, sgng123.
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sgng123
Supreme |
27-Nov-2013 23:04
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3q 2014 would see all transpacific + Europe bound ships being replaced with better ships. For 4Q13 to 2Q14 u see a gradual improvement in earning propect due to retiring charter resulting in lower operating expense. Be patient and ur fruit would ripe. Currently only Maersk had been successful in turning round their profit margin cos they start the ship efficiency program 1 year earlier than everyone, NOL is catching up just need more time. By the way should check up NOL website on their fleet info just to check if chartered ship are being returned, website update somewhere in mid dec, currently standing fleet number is 126 ships. In financial report only 121 ships reported to be operational 5 new built delivered. | ||||
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