| Latest Forum Topics / Neptune Orient L Rg |
 Post Reply
|
|
NOL
|
|||||
|
spore1
Supreme |
26-Feb-2014 08:19
|
||||
|
x 0
x 0 Alert Admin |
Nol is still not out of wood yet.wait for the right direction
|
||||
| Useful To Me Not Useful To Me | |||||
|
ruanlai
Elite |
26-Feb-2014 08:18
|
||||
|
x 0
x 0 Alert Admin |
Short or avoid this going to delist counter. Hopeless |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lucky03
Elite |
26-Feb-2014 08:11
|
||||
|
x 0
x 0 Alert Admin |
Many more ships were being scrapped in 2013 vs 2012 and still not enough ... How many they ordered !?
JOC ? Maritime News ? International Freight Shipping Panamax Ship Scrapping Not Enough to Reset Capacity Balance Grace M. Lavigne, Associate Web Editor | Feb 25, 2014 2:33PM EST Two Panamax ships transiting the El Corte River in Mexico. While an increase in the scrapping of Panamax ships may help counteract oversupply in the container shipping industry, it won?t be enough to solve overcapacity. Overall, 460,000 TEUs, or 2.6 percent of the global container ship capacity, were scrapped in 2013, a record high dating back to 1996, according to an Asian transportation report by Jefferies, a global investment banking firm. An increase in the scrapping of 3,000- to 5,300-TEU ships ?stood out? in particular, according to the firm. In 2013, 73 3,000- to 5,300-TEU ships were sold for scrapping, compared with 32 and three respectively in 2012 and 2011. In the first seven weeks of 2014, 30 3,000- to 5,300-TEU ships have already been sold for scrapping, and Alphaliner has predicted that the ?recent exodus of unwanted Panamax ships? will lead to a new record of container ship scrapping this year. There are currently 72 Panamax ships of 3,000 to 5,300 TEUs without employment, and 50 to 70 Panamax vessels, or up to 8 percent of the current fleet, are expected to be scrapped in 2014, Alphaliner noted. Panamax ships are coming under pressure on trade lanes that do not transit the Panama Canal, which now account for 65 percent of all Panamax vessel deployment. On the Far East-U.S. East Coast trade lane via the Suez Canal, Panamax ships represent 54 percent of the total weekly capacity, compared with 74 percent in January 2010, as carriers increasingly favor the use of post-Panamax ships on this route, according to Alphaliner. Furthermore, on the Indian subcontinent and Middle East-related routes, Panamax ships account for 15 percent of fleets, but will face redundancy even more as port infrastructure, especially in India, is upgraded in the region to accommodate larger ships, Alphaliner said. For example, Nhava Sheva, which accounts for 40 percent of India?s container traffic, will soon be able to accommodate ships with drafts of up to 14 meters, which will allow for the increased use of post-Panamax ships of up to 7,500 TEUs. Approximately 1,000 vessels in the 3,000- to 5,300-TEU class size are deployed on the trans-Pacific, trans-Atlantic, long-haul intra-Asia and north-south trades, Jefferies said. As 6,000- to 9,000-TEU vessels from Asia-Europe cascade to these long-haul trades, many of these smaller ships are ?becoming obsolete,? as they are ?too big to be fully utilized in short haul trades and too small to compete in long haul trades,? Jefferies explained. Many of the 3,000- to 5,300-TEU vessels were built during the ?90s when ?fuel was cheap and high speed was a positive service differentiator,? Jefferies explained. Ships of this class size consume 140 to 160 metric tons of bunker fuel per day at their designated speed of around 22 to 24 knots, but even at a reduced speed of around 16 knots, bunker consumption per day would still be close to 50 to 55 metric tons for the ships, compared with 70 to 75 metric tons for the 8,500-TEU ships. Among these scrappings were Maersk Line and Hanjin Shipping?s disposal of 27 units of between 3,600- and 5,300-TEU vessels, plus Cosco?s recently scrapped eight 700- to 4,200-TEU ships, with more disposals expected later this year, Alphaliner noted. Jefferies explained that more operators are willing to sell their owned vessels for scrapping, as 16 of the 30 3,000- to 5,300-TEU ships sold so far this year were owned or on finance lease by container lines. In 2013, most of the 3,000- to 5,300-TEU ships sold for scrapping were from pure shipowners. The average age of 3,000- to 5,300-TEU vessels being sold for scrapping is also dropping, which is another sign that these ships are becoming obsolete, according to Jefferies. The average age of the 30 3,000- to 5,300-TEU vessels being sold for scrapping this year fell below 20 years, Jefferies said, and some of them are as young as 17 years, according to Alphaliner. The clear-out of these ships will also help trim the idle container ship fleet, which currently stands at 4.5 percent of total fleet, as the Panamax sector accounts for 35 percent of the total unemployed fleet in TEU terms, Alphaliner said. However, ?significant? idle rates are expected to persist throughout most of the year, especially for vessels below 5,000 TEUs, Alphaliner noted. Despite the lower supply growth estimates, the market is expected to remain oversupplied anyway, as demand grew by a ?meager? 3.7 percent in 2013, compared with capacity supply growth of 5.7 percent, Alphaliner said. In 2014, demand growth is predicted to rise to 4.4 percent, but that will be insufficient to absorb capacity growth of 5.5 percent, according to the analyst. The weak outlook is expected to keep freight rates under pressure in 2014, Alphaliner concluded. However, delivery slippage is anticipated as non-operating owners will likely delay deliveries in the face of low demand and low rates. There are about 80 ships totaling 302,000 TEUs scheduled for delivery this year to non-operating owners that are without known charter employment. Several orders at financially troubled shipyards could also be delayed into 2015, with some owners taking the opportunity to cancel the delayed orders, Alphaliner said. Zim recently canceled its remaining orders for four 12,552-TEU ships and four 8,800-TEU ships, which were ordered at the height of the price boom in 2007-2008 and were later delayed. ?Although most of these canceled ships will still find their way into the market as they are already in advance stages of construction, their deliveries could be deferred as the shipyards or their new owners will face significant difficulties in finding profitable employment in the current depressed market,? Alphaliner said. Contact Grace M. Lavigne at [email protected] and follow her on Twitter at @Lavigne_JOC. |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
26-Feb-2014 02:06
|
||||
|
x 1
x 0 Alert Admin |
Don't lose sleep over it. This is not unexpected. The policy has been there and applied to many smaller firms esp those that are technically insolvent. Noted that NOL's operating net cash flow improves from a negative US$12.5m in FY12 to a positive US$31.5m in FY13, among others.
|
||||
| Useful To Me Not Useful To Me | |||||
|
moneycow
Elite |
26-Feb-2014 01:02
|
||||
|
x 0
x 0 Alert Admin |
:( mati - will it fall further tomotrrow ? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
darthiliator
Senior |
26-Feb-2014 00:30
|
||||
|
x 0
x 0 Alert Admin |
Wow the amount of post and the amount of different opinions reminds me of blumont at $0.140. Till date I still belief blumont will rise again, and same for NOL. It's just that we should enter at more discount instead of the current price. To each his own, CHEERS!!!! |
||||
| Useful To Me Not Useful To Me | |||||
|
Azzaramich
Member |
26-Feb-2014 00:26
|
||||
|
x 0
x 0 Alert Admin |
Ha, good stuff..bump.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
26-Feb-2014 00:19
|
||||
|
x 0
x 0 Alert Admin |
Interesting find :) Will be interesting if can have a copy of their presentation. http://theindependent.sg/nus-mba-students-clinch-championship-with-buy-call-on-nol-in-nus-asian-stock-pitch-competition/
NUS MBA Students Clinch Championship with ?Buy? Call on NOL in NUS Asian Stock Pitch Competition February 23rd, 2014 | by The Independent SINGAPORE ?Media OutReach?23 February 2014? Invest in Neptune Orient Lines Limited (NOL), recommends the winning team of the National University of Singapore (NUS) Business School?s fifth Asian Stock Pitch Competition. Consisting of Master of Business Administration (MBA) students from NUS Business School ? Nilendra Weerasinghe, Jiang Mingzi and Abhishek Khandelwal ? the team made a ?buy? call on the shipping and transportation firm in their presentation to judges during the Grand Final. According to the trio, the outlook for NOL is good despite the risks, due to the company?s ideal positioning and focused diversification strategy, high efficiency and flexibility, as well as two ?hidden gems? ? APM Terminals and APM Logistics. The team?s insights into NOL and the shipping industry, as well as good presentation skills, clinched them the top prize of S$10,000. SP Jain Institute of Management and Research from Mumbai, India clinched the runner-up spot. The annual competition is organised by NUS Business School?s Centre for Asset Management Research and Investments (CAMRI) to provide a platform for Asia?s top MBA students to showcase their equity research and stock-picking skills. The event challenges teams of Asian MBA students to research, present and defend their stock picks. Judged by a panel of distinguished experts from Singapore?s financial sector, the event is an intense competition designed to replicate the fast-paced, demanding jobs of fundamental analysts and asset managers in the investment industry. Unlike many stock pitching competitions for students, participants of the NUS Asian Stock Pitch Competition gain full access to a suite of industry portfolio analytics and analysis tools, including Bloomberg, for their preparation at CAMRI?s Investment Management and Trading Lab. ?It has been a good learning experience, and it was very competitive. A challenge was to sift through the information ?overflow? within a limited time and pick out important details, in order to create a simple and good presentation that communicates our message?, said Nilendra Weerasinghe, full time MBA student at NUS Business School. He added: ?It has been a good platform to mingle and compete with our counterparts from Asian business schools. Given that Singapore is increasingly a financial nerve centre in terms of the wealth and asset management business, going forward, with the capital flows that are coming in towards Asia in the long run, I think it is a good industry to be in.? |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Lucky03
Elite |
26-Feb-2014 00:11
|
||||
|
x 0
x 0 Alert Admin |
Kind of expecting this and hope it will put pressure on NOL that it has to turn profitable this FY ! Not expecting it to be kept on watch list and certainly not being suspended. Should any of this happens, they better take NOL private !
|
||||
| Useful To Me Not Useful To Me | |||||
|
enjoylife77
Veteran |
25-Feb-2014 21:25
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
Heero78
Veteran |
25-Feb-2014 20:59
|
||||
|
x 0
x 0 Alert Admin |
hahaha...can u tell me which other asian shipping company that make money at this moment?? dun compare so far with Maersk...
|
||||
| Useful To Me Not Useful To Me | |||||
|
sgng123
Supreme |
25-Feb-2014 19:55
|
||||
|
x 0
x 0 Alert Admin |
No need to get upset about mine comment, everyone here are sharing their view on container shipping. To buy or not to buy is ur personnel choice as we small players cannot move market. As long u got holding power, u could never lose golden rule. The current CEO of NOL is a previous Army colonel also a presidential scholar too, he was assigned to restructure NOL management and fleet renewal programme. A job noone want to do as it meant offending lot of people in the shipping industry. Maesrk can succeed cos they also go through the same process as what NOL doing now, changing to bigger and more fuel efficient ships. At 3Q14 the full effect of the fleet renewal programme would be seen and if freight rate did get restored then we seeing some pretty number at 2Q and 3Q. By the way u cannot compare NOL to Maersk using last year result due to the fact ship is undergoing fleet renewal programme and management shake up. IF really want to compare, compare 2014 when everything in nol had been settled and it would give a better comparison.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Azzaramich
Member |
25-Feb-2014 18:36
|
||||
|
x 0
x 0 Alert Admin |
What General? | ||||
| Useful To Me Not Useful To Me | |||||
|
earlybird14
Supreme |
25-Feb-2014 18:14
|
||||
|
x 0
x 0 Alert Admin |
Maesrk contatiner shipping line has structural change the container shipping industry. They are the biggest continer lines company and the pioneer to make huge profit in this type of tough operating environment, who cannot follow their footstep is going to be kicked out from the market. Nothing to cheer on NOL recent performance, she is dying... |
||||
| Useful To Me Not Useful To Me | |||||
|
earlybird14
Supreme |
25-Feb-2014 18:02
|
||||
|
x 0
x 0 Alert Admin |
You are too over-optimised on NOL. Spend sometime in reading Maersk 3Q report. When NOL selling their headquarter office and recorded 200Million of profit in 2013, in overall still making a loss, Maersk shipping line is making 1.197 USD Billion of profit in first 3Q in 2013. http://files.shareholder.com/downloads/ABEA-3GG91Y/2983347166x0x706308/9ca47280-2dbe-4407-9211-91aabca80994/Interim_Report_Q3_2013.pdf When competitors are able to make billion of profit, NOL is making a few hundred million of loss(excluding 1 time gain in headquarter sales) in the same period. Obviously, NOL has problem in their operating structure. The 400million of cost saving programme are nonsence. Competitor like Maersk also launched similar cost saving programme at the end they manage to turn the company to be so profitable. If the container market turn better, NOL is able to breakeven, Maersk is going to make even higher profit and they are going to build more larger, more fuel efficient container vessels to fill the market demand. There will be zero chance for NOL turn profitable. Wake up and think twice, what's wrong to NOL. The General is not the right man to manage the company, Temasek shall either sell away NOL or pay tons of money to employ the MD or chairman of Maersk container shipping to teach this dude how to manage a shipping company properly
|
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
25-Feb-2014 17:20
|
||||
|
x 0
x 0 Alert Admin |
By the time the freight rate is firmly on the recovery towards end 2014 as reported below, the price would have moved up 6 mths ahead. So, hang on for next 3 mths and should be well rewarded with no less than 30% return. The wild card remains with the strength of the economic recovery and growth of world trade.
Your daily insight into the shipping world Boxship rates to recover towards end of 2014: Rickmers Maritime By Lee Hong Liang from Singapore Container shipping rates are expected to only begin recovering towards the end of 2014 despite an increase in ship scrapping activities and continued slow steaming, according to shipping trust Rickmers Maritime. Rickmers Maritime, which owns a fleet of containerships on charter, noted there is still a significant number of new boxships, mostly in excess of 10,000 teu, scheduled for delivery over the next 12 months. As such, demand is unlikely to absorb the prevailing oversupply within the near term. Trade growth is projected to reach 6% in 2014, compared to an estimated 5% growth in 2013. While uncertainty in the global economy remains, there are signs that a recovery in the shipping industry could being this year, the shipping trust said. Singapore-listed Rickmers Maritime, meanwhile, reported a 15% year-on-year fall in full year profit to $23.48m in 2013 compared to $27.62m in 2012, due mainly to a $18.4m non-cash impairment charge recognised in the fourth quarter. Charter revenue for the year remained stable at $143.49m. As at 31 December 2013, Rickmers Maritime owns a fleet of 16 containerships fully chartered out on fixed-rate time charters. ?We will continue the process of strengthening our balance sheet, and positioning ourselves to take advantage of opportunities in the market when they arise,? said Thomas Preben Hansen, ceo of Rickmers Maritime. The shipping trust has maintained a distribution per unit (DPU) of 0.60 US cents in the fourth quarter, consistent with previous quarters, bringing the total DPU in 2013 to 2.40 US cents. Published in Asia, Containers © Copyright 2014 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited. Tuesday, 25 February 2014 01:44 |
||||
| Useful To Me Not Useful To Me | |||||
|
Lucky03
Elite |
25-Feb-2014 17:15
|
||||
|
x 0
x 0 Alert Admin |
This is the time when one is either seen as smart or foolish. I'm getting indigestion now :) | ||||
| Useful To Me Not Useful To Me | |||||
|
sgng123
Supreme |
25-Feb-2014 16:26
|
||||
|
x 0
x 0 Alert Admin |
Container shipping is different, it is tied to trade independent as 80% of world export is transported thorough shipping. It is more of national interest than pure commercial one, recession rate which private carriers would be in the right business sense to accept except those state owned carriers who main interest is to ensure export get delivered to customers, making loss or not they not interested since can always pump in money to support the carriers. That what temasek do to NOL, they throw in investment and assign a Army general to restructure the group and kicking out the redundant management. Currently market is factoring in a poor showing on 1Q14 so just sit tight and wait for it to be over. Good thing is Fed tapering did not cause global economy to go into recession last year so the low rate carriers get last year unjustified and this year rate might be restored. It kind of suck cos poor market sentiment lead shippers believe recession at hand and forced a recession freight rate which is tied for the whole year regardless of demand/supply.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Azzaramich
Member |
25-Feb-2014 15:38
|
||||
|
x 0
x 0 Alert Admin |
Well, if 95 cents, will buy some more...
|
||||
| Useful To Me Not Useful To Me | |||||
|
spore1
Supreme |
25-Feb-2014 14:15
|
||||
|
x 0
x 0 Alert Admin |
may be can see 95 cents soon
|
||||
| Useful To Me Not Useful To Me | |||||