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NOL
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sgng123
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03-Jul-2014 13:47
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seeing a repeat trading trend seen on mar earlier this year, selling down on ship to low point and slowly buying back. Talk in FOC about hapag llord seeking a asia-pacifc merger also growing, rumors feeeding on the ship movement. Hope 2Q result would strengthen the ship upward movement by delivering a good result on lower slot cost and cost saving achieved. fingercrossed but not on it till clearer picture and big players involvement. |
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spore1
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03-Jul-2014 08:27
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current price level of 94 - 95 cents seems holding up well.
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Lucky03
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03-Jul-2014 07:26
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Good progress !
In the long run, growth engine is crucial while cost cutting will ensure competitiveness and market share. PUBLISHED JULY 03, 2014 Italy's Renzi says Europe must boost growth PRINT |EMAIL THIS ARTICLE Prime Minister Matteo Renzi kicked off Italy's six-month spell in the rotating presidency of the European Union with a fresh call for action to boost economic growth in the 28-member bloc - PHOTO: REUTERS [STRASBOURG] Prime Minister Matteo Renzi kicked off Italy's six-month spell in the rotating presidency of the European Union with a fresh call for action to boost economic growth in the 28-member bloc. Renzi has led calls for Europe to move from budget austerity towards expansion but in his speech to the European Parliament in Strasbourg he repeated that Italy was a net contributor to the European Union budget and was not looking for "short cuts". He made only passing reference to the discussion at last week's European Council in Brussels at which EU leaders agreed that countries which undertook structural reforms should be allowed more leeway on tight EU budget rules. "Italy is not coming here to ask for change which it is not able to provide itself, Italy is coming here to say it wants to change," he told the parliament. "The economic issue we are living though and the discussions we had in the last Council can't be reduced to an issue of one country asking the others to change the rules. We were the first to say we will respect the rules." Renzi said the EU's budget rules were based on "a pact called the Stability and Growth Pact. There's stability but there's also growth ... without growth, Europe has no future." In a television interview later on Wednesday Renzi said he favoured the introduction of bonds backed by all euro zone states and that he expected support on this from the future European Commission president, Jean-Claude Juncker. "Before, Juncker said was in favour of euro bonds. I imagine that having changed his job he hasn't changed his mind," Renzi told state broadcaster RAI, in reference to a proposal repeatedly rejected by Germany and other northern European states.
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sgng123
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03-Jul-2014 00:26
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http://www.nol.com.sg/wps/portal/nol/aboutus/ourbrands/apl/aplfleet Update on NOL fleet, fleet strength drop from 120 ships to just 106 ships. 5X 14K ships all deliverred and 11X9.4K ships delivered. Comparing to last quarter fleet strength, ships with 7K TEU and some 6K and 5K was returned to chartered might be around 12 - 14 ships returned. This is about double the amount of ships returned in 1Q14, 80mil cost saving achieved in 1Q14 for charters returned guess would get another 150-180mil cost saving hope NOL management deployed most of those fuel efficient ship to achieve a lower slot cost reduction instead of purely saving from returning chartered. And also efficiency gain from G6 deployment in transpacific would also help to lower cost by using less ships for same cargo load. Hope this time round NOL don dispointed us and strike it big with cost saving and slot cost reduction since freight rate is expected to be similar to last year. |
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Lucky03
Elite |
03-Jul-2014 00:25
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PUBLISHED JULY 02, 2014
US factory orders hurt by defense investment appetite positive PRINT |EMAIL THIS ARTICLE A fall in demand for military equipment spurred a drop in new orders for US factory goods in May, but signs of a healthy appetite for investment in the private sector pointed to broader strength in the economy. - REUTERS [WASHINGTON] A fall in demand for military equipment spurred a drop in new orders for US factory goods in May, but signs of a healthy appetite for investment in the private sector pointed to broader strength in the economy. The Commerce Department said on Wednesday new orders for manufactured goods decreased 0.5 per cent. That was a steeper drop than the 0.3 per cent decline forecasted by analysts. Stripping out military wares, new orders rose a modest 0.2 per cent. US factory output appeared to accelerate in the second quarter after lackluster activity during an unusually harsh winter. Data on Tuesday pointed to US manufacturing activity rising at a steady clip in June, while automobile sales raced to their highest level in almost eight years. |
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Lucky03
Elite |
02-Jul-2014 23:58
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Home / Shipping News / International Shipping News /
Shipping sector hopes pinned on manufacturing revival Shipping sector hopes pinned on manufacturing revival in International Shipping News 02/07/2014 The ports and shipping sector, which experienced severe stress in the last couple of years as charter rates dropped, is hoping for a revival by the end of this financial year if the government?s focus on the manufacturing sector takes definite shape. The oversupply of vessels and lower trade activity in the US and China have also impacted the overall growth in the tanker and the very large crude carriers segment. ?With government focus on manufacturing, business confidence is improving. If overall output improves, it would need to be picked up and distributed. We expect heightened activity would lead to 10-15 per cent growth in manufacturing, increasing the overall cargo for supply and an improved charter rates as well,? said Hemant Bhatt, CEO and founder of Mumbai-based Hamsa Consultancy. The other driving factor for the shipping sector could be the recovery in US energy trade with the onset of winter in October-November. Also, trade is expected to pick up in China in the second half of this year. ?US has reduced its energy dependence from outside after the boom in shale gas exploration. However, with increased use of energy products during winter, there could be recovery in the tanker division. Also, bulk carriers could see some improvement with the beginning of trade in China during the second half of this year since they will have to meet their growth target of 7.5-7.7 per cent during the year. However, the pickup in very large crude carriers would take a little longer and would depend on overall improvement in the global economies,? said Vikram Gupta, chief financial officer of Essar Shipping. Gupta also suggests that the best way to overcome the impact of volatile charter rates is to enter into long-term agreements where volatility gets mitigated. The company already has around 60 per cent of its carriers booked on long-term contracts. Although they are generally captive in nature, they also have contracts with PSUs such as Indian Oil. The ports sector is not spared either with the private sector players operating in major ports under public private partnership (PPP) regime seeing material fall in profit due to multiple tariff regime under the 2005 and 2008 guidelines. Besides, many tariff orders are under litigation, resulting in a stalemate in the industry. SS Kulkarni, secretary of the Indian Private Ports and Temninals Association, said companies are eagerly awaiting the formalisation of the BK Chaturvedi committee proposals for the migration of previous set of operators under the 2005 and 2008 TAMP guidelines into new guidelines. ?A lot of ports of 2008 period are now getting commissioned. However, tariffs are fixed at peak capacities. Operators are bleeding with 30 per cent capacity utilisation. The migration to market-linked tariffs will augment growth in the sector,? said Kulkarni. In order to attract private capital, it is imperative to simplify the tariff regime and migrate the older set of players to the 2013 tariff regime, which offers some upside to the returns by giving partial freedom to fix tariff in line with market conditions, said Icra in a note. Source: My Digital FC |
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spore1
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02-Jul-2014 08:14
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good opportunity surface
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Lucky03
Elite |
02-Jul-2014 00:10
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This is no retail play when vol hitting 4000+ lots in recent days. Remind me of Mar this year when price was pushed to low of 0.94 with very high vol and then bounced back very quickly to above $1.
PUBLISHED JULY 01, 2014 Global manufacturing activity accelerated in June: PMI PRINT |EMAIL THIS ARTICLE [LONDON] Global manufacturing activity accelerated in June, and with new orders coming in faster output is likely to pick up in the coming months, a business survey showed on Tuesday. JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI) rose to a four-month high of 52.7 in June from May's 52.1, holding above the 50 mark indicating growth for the 19th month in a row. "The global PMI suggests the growth of manufacturing output strengthened further into midyear," said David Hensley, a director at JPMorgan. "With new order inflows strengthening and inventories of finished goods indicated to be declining, the stage is set for robust output gains in the coming months."
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sgng123
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01-Jul-2014 17:19
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Very strange stuff happening, look like someone is trying to flush out the short term punters and shortist by moving ship share price in range with big volume. Something might be brewing, since container shipping we still had not see any major mergers of container liner to significant cut down cost to compete. Hapag llord indicated it might be looking for a merger with liners in the asia-pacific trade lane for a more comprehensive trde coverage before it go listing. Currently hapag llord would be 4th biggest liner kicking out evergreen by absorbing CSAV ( south america liner ). IF it absorg 1 more liner in the asia pacific, it would overtake CMA french liner to the coveted third position closing in on maesrk and msc. Freight rate would still be weak ithis 1-2 years due to overcapacity but volume would pick up due to recovering demand. Merger and acquistion would be hot these 2 years as shipping companies valuation dropped more than half and it is very attractive to go privatised or mergers. Hope it not the other way NOl go eating up other lol, temasek not that stupid leh lol. IF EU start their QE later this year to promote growth then it gona be very interesting for shipping liner investors. Lot of american and later european printed money flushing the economy system, no need to earn it just print lol. |
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Qanghoo
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29-Jun-2014 06:43
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Cld it be pumped to be dumped? With the BDI at < 1000 for an extended period of time, and now close to multi-month lows, when will NOL sail back to profitable shores? If one has a lot of spare cash to sink into NOL, it will rise when calmer waters return in time to come (perhaps in a few yrs?). But the opportunity cost looks high. So, for most investors, might as well seek out better opportunities elsewhere. |
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Lucky03
Elite |
29-Jun-2014 02:45
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I find Friday's trading intriguing. There was a single trade at about 13:14 of about 572 lots sellers taken up at 0.955 and for a moment, bringing it to black at 0.96. Then it drifted until 15:21 when for the next 5-6 mins, a total of about 1900 lots sellers were taken up at 0.955. Then at 15:49, someone threw a total of about 800 lots to buyers at 0.95 over 2 trades at about a min apart. Normally for such high volume of 4810 lots traded, the total shorts will be in thousands too but for last Friday, only 299 lots were recorded for shorts ??
Fundamental aside, I think there will be some play coming... Last Friday's trades are unlikely played up by the retail market.
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Lucky03
Elite |
29-Jun-2014 02:34
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Alexsmith, Yes you are right :))
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Lucky03
Elite |
29-Jun-2014 02:32
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Alexsmith,
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spore1
Supreme |
28-Jun-2014 15:28
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Think 95 cents and below present a good value play. sporeshare.blog spot.sg/2014/05/nol.html |
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alexsmith
Member |
28-Jun-2014 08:31
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sgng, lucky. Yes you are right. World growth has improved, container industry will recover. NOL price will skyrocket. Like you said one, the upside is unlimited one. earlybird14. Yes, you are right. Container industry will slump cos of overcapacity. Bunker oil price will keep staying at $600. NOL will meet its doomsday and become NIL. |
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earlybird14
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24-Jun-2014 15:57
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http://www.hellenicshippingnews.com/life-without-p3/ As I said, P3 network is not totally gone. It still work at other network except China only. Sooner, China will accept it. No hope to NOL. |
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Lucky03
Elite |
24-Jun-2014 08:38
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Note that the para below where the consultant pointed to United Arab Shipping Co. as an example of a carrier that is revamping its ranks to drive organizational change. With no dearth of capital provided by its six gulf state owners, it has ordered 17 new post-Panamax container ships to replace its aging fleet, overhauled its global management structure to place responsibility on trade lanes rather than regions, and is expanding its vessel-sharing alliance with China Shipping Container Lines.
Besides fleet renewal which is completing this year and aggressive cost reduction and improving efficiency, NOL announced on 9 Jan of the plan for an organisarional realignment from geographically-organised structure to functional-led one. What's missing is the advantage of UASC 'no dearth of capital provided by its six gulf states owners.' Now just 欠 东 风 ！ Will NOL operate without any need for new capital or will Tamesek once again offer the assurance of needed cash and NOL still calling a rights issue or take it private and let it reinvents itself with more flexibility and without the pressure of a public listed company ? Tamesek made the mandatory offer on 3 Aug 2004. By early Aug, we will also know the Q2 performance of NOL. I know quite a number of you here condemned NOL and has lots of negativity for whatever reasons and NOL has had too many years of disappointment but we can't ignore the fact that some of the measures being taken and the generally positive development of the global economy plus the expansion of G6 alliance will ultimately yield some results. I shall fade away for now and monitor the next few quarters performance and decide if I'm a fool to continue to stay invested with NOL. From JOC : After 13 years of working closely with container lines to develop their electronic cargo booking and tracking capabilities through INTTRA, its former CEO Ken Bloom is moving on to solve a different problem: how to change the way the shipping industry operates. ?Its business models are dying. We have to change that,? Bloom said in an interview with the JOC. ?The industry is still in a financial crisis, and the denial of the P3 Network prolongs the crisis,? he said. ?We need this industry to change faster, so I think the next frontier will be all about the people in the industry.? Bloom is joining management development consultancy Korn Ferry today as senior client partner. There he will advise container lines, logistics providers, intermodal carriers and shippers on managing and upgrading human resource talent. Bloom resigned from INTTRA earlier this year but stayed on to help in the transition to a new CEO. ?INTTRA was all about the process of container shipping. The next piece is all about the people layer,? he said. Recalling the JOC calling the industry ?painfully slow to change,? he said he thinks his new role will enable him to help the industry expedite change. Bloom points to the way carriers allow non-vessel-operating common carriers to resell unused vessel space they have contracted to other NVOCCs as one example of carriers? broken business model. ?When they can?t meet their requirement, they can sub that out to other forwarders at a markup, and before you know it, the carrier isn?t even earning money on its freight.? He said the carriers? business model needs to be rooted out and changed. ?The business model is unsustainable, so you need to attract new people. Young people don?t go into the carrier or forwarding business, and we need those brains.? He said logistics graduates seek jobs with beneficial cargo owners, rather than in the logistics business. ?What that means is that carrier executives are increasingly interacting with supply chain professionals, not an industry hanger-on.? Bloom thinks carriers and logistics providers have to overhaul the way they recruit and manage talent so they can find new ways of doing business. Only a few ocean carriers have seen the need to change their human resource recruitment approach. He pointed to United Arab Shipping Co. as an example of a carrier that is revamping its ranks to drive organizational change. With no dearth of capital provided by its six gulf state owners, it has ordered 17 new post-Panamax container ships to replace its aging fleet, overhauled its global management structure to place responsibility on trade lanes rather than regions, and is expanding its vessel-sharing alliance with China Shipping Container Lines. UASC also hired two new top executives from Maersk Line this spring. ?They are building what they want with whom they want, and they are going to win,? Bloom said. ?They are not going to catch up to the Maersks and the Hamburg-Suds of this world they are going to surpass them.? UASC plans to do this, not by mimicking the model of larger carriers, but by charting its own strategy. ?It?s like mobile phone carriers. They don?t need to put in copper wire. They are building what they want with whom they want from the ground up, and they are going to win. They?ve got plenty of money, but brains as well and strategy,? he said. ?This talent thing is going to be the thing that differentiates the carriers that survive in the future.? Contact Peter Leach at [email protected] and follow him on Twitter: @petertleach. |
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pineapple123
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23-Jun-2014 23:47
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NOL is junk.. | ||||
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Lucky03
Elite |
23-Jun-2014 23:34
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PUBLISHED JUNE 23, 2014 US manufacturing expands in June at fastest rate in 4 years: Markit PRINT |EMAIL THIS ARTICLE The US manufacturing sector expanded more strongly than expected in June, with the rate of growth and key subindexes advancing to their highest levels in more than four years, an industry report showed on Monday - PHOTO: REUTERS [NEW YORK] The US manufacturing sector expanded more strongly than expected in June, with the rate of growth and key subindexes advancing to their highest levels in more than four years, an industry report showed on Monday. Financial data firm Markit said its preliminary or "flash" US Manufacturing Purchasing Managers Index rose to 57.5 in June, above economist expectations for 56.5 and the highest reading since May 2010. In May, the final read for the index was 56.4. A reading above 50 signals expansion in economic activity. The output subindex jumped to 61 from 59.6 while a read on new orders rose to 61.7 from May's final read of 58.8. Both marked the highest level for the indexes since April 2010. |
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Lucky03
Elite |
23-Jun-2014 22:21
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PUBLISHED JUNE 23, 2014 China, Japan manufacturing grows again, eurozone falters PRINT |EMAIL THIS ARTICLE Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider eurozone, surveys showed on Monday - PHOTO: AFP [LONDON/TOKYO] Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider eurozone, surveys showed on Monday. Beijing's targeted stimulus measures and Japan's improving labour market supported domestic demand in Asia's dominant economies but the gap between the common currency area's big two remains wide. Germany and France went their separate ways again, with German business activity expanding robustly, albeit at a slower pace than last month, while France's private sector shrank at the fastest rate in four months. "The recovery has not gained as much traction as people had hoped. We've been highlighting the divergence between France and Germany for some time - it's not just in the PMIs. It's definitely a concern," said Jessica Hinds at Capital Economics. |
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