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counter Veteran	08-Aug-2014 08:13        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	If I had to guess the meaning as a layperson, I would say that in the process of replacing the old vessels with the new ones in the effort to improve the capacity,  it was unable to take or fulfil some orders resulting in a fall in the volume. I know this may sound simplistic but it is my best guess as a layperson. Would bros sgng123, luck03, earlybird like to clarify on this? counter      ( Date: 08-Aug-2014 07:56) Posted: If the new ships have not been deployed in Q2 for the big cut in slot cut, does it mean that the effects of the cost savings measures have not been fully realised. By the way, what exactly does it mean by a fall in volume due to strict capacity management and capacity management efforts. quote APL reported second quarter 2014 revenue of almost US$1.7 billion, a slight 2% year-on-year drop in spite of a 6% decline in volume due to strict capacity management. APL&rsquo s Intra-Asia trade shed 9% in volume against a 2% dip in freight rates amidst APL&rsquo s capacity management efforts. unquote sgng123      ( Date: 07-Aug-2014 20:54) Posted: I had also noticed that NOL management had planned 14 more charters to be returned in 2015, 14 charters returned in 1H2014 with 6 more to go in 2H14. Sad thing is the new ships never deployed in 2Q for the big cut in slot cost. Anyway more charters returned = more cost saving in 2015 by then the demand and supply situation would be stabilised seeing the recovery in global demand and better capacity ultilisation by the mega alliances. The port congestion earlier in June really hurt ship bottom line, that why noone go into container shipping business except government , unexpected losses always on the horizon and need to subsidised exporters else they lose out to competitors from other countries. Going into 3Q, off to a good start with transpacific spot rate surging 30% and EC rate hitting all time record high in SCFI, hope strong demand continue well into Aug and Sep then would see better days for ship in 2H14. would be interesting to see how market respond to ship result tomorrow though it is a friday boring trading session.
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counter Veteran	08-Aug-2014 07:56        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	If the new ships have not been deployed in Q2 for the big cut in slot cut, does it mean that the effects of the cost savings measures have not been fully realised. By the way, what exactly does it mean by a fall in volume due to strict capacity management and capacity management efforts. quote APL reported second quarter 2014 revenue of almost US$1.7 billion, a slight 2% year-on-year drop in spite of a 6% decline in volume due to strict capacity management. APL&rsquo s Intra-Asia trade shed 9% in volume against a 2% dip in freight rates amidst APL&rsquo s capacity management efforts. unquote sgng123      ( Date: 07-Aug-2014 20:54) Posted: I had also noticed that NOL management had planned 14 more charters to be returned in 2015, 14 charters returned in 1H2014 with 6 more to go in 2H14. Sad thing is the new ships never deployed in 2Q for the big cut in slot cost. Anyway more charters returned = more cost saving in 2015 by then the demand and supply situation would be stabilised seeing the recovery in global demand and better capacity ultilisation by the mega alliances. The port congestion earlier in June really hurt ship bottom line, that why noone go into container shipping business except government , unexpected losses always on the horizon and need to subsidised exporters else they lose out to competitors from other countries. Going into 3Q, off to a good start with transpacific spot rate surging 30% and EC rate hitting all time record high in SCFI, hope strong demand continue well into Aug and Sep then would see better days for ship in 2H14. would be interesting to see how market respond to ship result tomorrow though it is a friday boring trading session.
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counter Veteran	08-Aug-2014 07:43        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I don' t think that Temasek will call it a day for NOL which is a strategic asset to the Singapore economy and we have had this discussion before. It is likely to find new ways to cut costs. How? If I knew how to do it, I would be living in a castle. One thing that nobody can rule out with certainty is  that privatisation is likely to put Temasek in a better position to restructure NOL. Privatisation for purpose of restructuring has happened several times and not many people predicted them before they happened. Given that Japanese and Korean competitors have turned profitable and NOL has only managed to cut losses thus far, doesn' t this imply that its costs are on the high side? I am not saying that NOL is a good company. However, I don' t think that its future is as bleak as you have potrayed it. earlybird14      ( Date: 08-Aug-2014 06:41) Posted: http://www.nol.com.sg/wps/wcm/connect/e0d6b88043fe4af8bfa2ff388d151215/NOL-Group-Unaudited-Quarterly-Financial-Information-for-the-1st-Quarter-ended-4-April-2014.pdf?MOD=AJPERES&CACHEID=e0d6b88043fe4af8bfa2ff388d151215 http://www.nol.com.sg/wps/wcm/connect/8fcae680450333e3b104f39a8997ae3c/NOL-Group-Unaudited-Quarterly-Financial-Information-for-the-2nd-Quarter-ended-27-June-2014.pdf?MOD=AJPERES&CACHEID=8fcae680450333e3b104f39a8997ae3c I am not putting salt on holders but I just think as a holder you shall look at the critical info on last 2 report. 1) borrowing - page 4. 2016 repayment of unsecured loan increase from 600 to 800mil just in 3 month time only. The worst is 2017 repayment of unsecured loan increase from 168 to 447 mil. What this tell us? It tell us nol borrow more short term loan for cash and result their unsecured loan jump from 768million to 1.2 billion in 3 month time only. 2) cash flow - nol increase cash flow by borrowing more short term unsecured bank loan. Although no disclosing the interest but we know short term loan interest is high. The new loan minus repayment is 307mil but only 213mil cash added. Cash burnt 100million dollar. 3) some one posted Japan and Korea competitors break even or turn positive. Nol made loss again. This is exactly same as 2012 when freight rate was 1.7 times compared to now, majority break even or make profit, nol made loss. Do you really trust nol cost cutting plan compared to other cost cutting plan? Based on top 3 judge yourselves. Nol borrowing is snowball bigger and bigger. They need cash and a lot of cash in next 2 years. Nol is borrowing more and more money to survive. If continue like that, nobody can save nol including temasek. Ho Ching has lose 4billion for temasek. I don't really believe she will pump another 1.2 billion to nol. Furthermore, don't pump money in, nol really need to file bankruptcy protection by 2015. The container industry is changed, top 3 make profit and has million teu capacity to fill, price war will continue and more vessel will be ordered by top 3 with their profit to squeeze more competitors out from market. Those cannot operate efficiently and effectively will be squeezed out.
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Novice13 Veteran	08-Aug-2014 07:04        Novice13 About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	My opinion is NOL past glorious days over. Sadly to say, those past good days will not come back anymore. The selling and leasing back of its own building already a sign that NOL in need of funds to support its operations.
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earlybird14 Supreme	08-Aug-2014 06:41        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	http://www.nol.com.sg/wps/wcm/connect/e0d6b88043fe4af8bfa2ff388d151215/NOL-Group-Unaudited-Quarterly-Financial-Information-for-the-1st-Quarter-ended-4-April-2014.pdf?MOD=AJPERES&CACHEID=e0d6b88043fe4af8bfa2ff388d151215 http://www.nol.com.sg/wps/wcm/connect/8fcae680450333e3b104f39a8997ae3c/NOL-Group-Unaudited-Quarterly-Financial-Information-for-the-2nd-Quarter-ended-27-June-2014.pdf?MOD=AJPERES&CACHEID=8fcae680450333e3b104f39a8997ae3c I am not putting salt on holders but I just think as a holder you shall look at the critical info on last 2 report. 1) borrowing - page 4. 2016 repayment of unsecured loan increase from 600 to 800mil just in 3 month time only. The worst is 2017 repayment of unsecured loan increase from 168 to 447 mil. What this tell us? It tell us nol borrow more short term loan for cash and result their unsecured loan jump from 768million to 1.2 billion in 3 month time only. 2) cash flow - nol increase cash flow by borrowing more short term unsecured bank loan. Although no disclosing the interest but we know short term loan interest is high. The new loan minus repayment is 307mil but only 213mil cash added. Cash burnt 100million dollar. 3) some one posted Japan and Korea competitors break even or turn positive. Nol made loss again. This is exactly same as 2012 when freight rate was 1.7 times compared to now, majority break even or make profit, nol made loss. Do you really trust nol cost cutting plan compared to other cost cutting plan? Based on top 3 judge yourselves. Nol borrowing is snowball bigger and bigger. They need cash and a lot of cash in next 2 years. Nol is borrowing more and more money to survive. If continue like that, nobody can save nol including temasek. Ho Ching has lose 4billion for temasek. I don't really believe she will pump another 1.2 billion to nol. Furthermore, don't pump money in, nol really need to file bankruptcy protection by 2015. The container industry is changed, top 3 make profit and has million teu capacity to fill, price war will continue and more vessel will be ordered by top 3 with their profit to squeeze more competitors out from market. Those cannot operate efficiently and effectively will be squeezed out.
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earlybird14 Supreme	08-Aug-2014 06:17        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Again. No point to post these over optimistic post. 3 years is enough. Don't give wrong info to people. I mentioned before go and take a look how nol handle the new vessels. The last few new vessels are chartered too MOL. It mean that started from 2Q no more new vessel joining nol. Cost cutting plan plus new vessels cannot work what else you want say again. sgng123      ( Date: 07-Aug-2014 20:54) Posted: I had also noticed that NOL management had planned 14 more charters to be returned in 2015, 14 charters returned in 1H2014 with 6 more to go in 2H14. Sad thing is the new ships never deployed in 2Q for the big cut in slot cost. Anyway more charters returned = more cost saving in 2015 by then the demand and supply situation would be stabilised seeing the recovery in global demand and better capacity ultilisation by the mega alliances. The port congestion earlier in June really hurt ship bottom line, that why noone go into container shipping business except government , unexpected losses always on the horizon and need to subsidised exporters else they lose out to competitors from other countries. Going into 3Q, off to a good start with transpacific spot rate surging 30% and EC rate hitting all time record high in SCFI, hope strong demand continue well into Aug and Sep then would see better days for ship in 2H14. would be interesting to see how market respond to ship result tomorrow though it is a friday boring trading session.
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enjoylife77 Veteran	08-Aug-2014 05:03        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the biggest reason to invest in a bleeding counter with no end in sight? Turnaround will take at least 7 years, if it ever turnaround. Mgt guidance is hazy.
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Trespasserx Senior	07-Aug-2014 23:17        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dwelling deeper, why would they want to cut down on volume? Unless u telling me that by increasing volume they will actually be in more deficit.. Something which I don't comprehend.. And also coming to the observation that nol didn't utilise the new vessels in 2q when they are already delivered.. Why? Unless u telling me this is just a show so to make ppl lose confidence in nol so that temasek can privatise or buy over nol on cheap??? Interesting... counter      ( Date: 07-Aug-2014 23:06) Posted: The following is taken from the report. APL reported second quarter 2014 revenue of almost US$1.7 billion, a slight 2% year-on-year drop in spite of a 6% decline in volume due to strict capacity management. Trespasserx      ( Date: 07-Aug-2014 22:33) Posted: So what the general sensing.. Expected result or disappointing result.. To me the deficit is caused by the fall in revenue, no one is doubting the cost saving mechanism.. Any explaination on the fall of revenue..
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counter Veteran	07-Aug-2014 23:06        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	The following is taken from the report. APL reported second quarter 2014 revenue of almost US$1.7 billion, a slight 2% year-on-year drop in spite of a 6% decline in volume due to strict capacity management. Trespasserx      ( Date: 07-Aug-2014 22:33) Posted: So what the general sensing.. Expected result or disappointing result.. To me the deficit is caused by the fall in revenue, no one is doubting the cost saving mechanism.. Any explaination on the fall of revenue..
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counter Veteran	07-Aug-2014 23:04        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	possible but unlikely Myabaang      ( Date: 07-Aug-2014 23:00) Posted: I think it will continue to go lower. Taking into various saving,  the end result is still a huge lose, For the 1H 2014, total lose is   -152 mio. Freight rate is still pretty low so it could register a lose of at least 300 mio for the whole 2014.
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Myabaang Member	07-Aug-2014 23:00        Myabaang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it will continue to go lower. Taking into various saving,  the end result is still a huge lose, For the 1H 2014, total lose is   -152 mio. Freight rate is still pretty low so it could register a lose of at least 300 mio for the whole 2014.
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Trespasserx Senior	07-Aug-2014 22:33        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	So what the general sensing.. Expected result or disappointing result.. To me the deficit is caused by the fall in revenue, no one is doubting the cost saving mechanism.. Any explaination on the fall of revenue..
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spore1 Supreme	07-Aug-2014 22:13        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tan gu gu . Core Ebitda up 152%. Without the once off gain of 200m in 1H13 ,1H14 tur danger      ( Date: 07-Aug-2014 21:43) Posted: omg !!! tomorrow lau sai ??? net loss widen 55% !!!!!   panic dumping tomorrow ?
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famouspinky Supreme	07-Aug-2014 22:06        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Absolutely counter      ( Date: 07-Aug-2014 20:37) Posted: Your following post  is really not necessary even though you do not appreciate their sharing of knowledge. Indeed, I have never learnt so much about a particular industry in a such a short period of time, thanks to the two bros. Without Temasek, NOL would be no-existent today as a GLC. It would exist as a state-owned firm. RoundRound      ( Date: 07-Aug-2014 18:14) Posted: Do not really come to this thread as it is mainly used by 2 regulars, Lucky03 abd earlybird14, keep posting technical terms and news on and on. ....I can sleep through all of it. Without Temasek supporting, NOL would be non-existence today, I believe
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famouspinky Supreme	07-Aug-2014 22:04        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the great post sgng123      ( Date: 07-Aug-2014 20:54) Posted: I had also noticed that NOL management had planned 14 more charters to be returned in 2015, 14 charters returned in 1H2014 with 6 more to go in 2H14. Sad thing is the new ships never deployed in 2Q for the big cut in slot cost. Anyway more charters returned = more cost saving in 2015 by then the demand and supply situation would be stabilised seeing the recovery in global demand and better capacity ultilisation by the mega alliances. The port congestion earlier in June really hurt ship bottom line, that why noone go into container shipping business except government , unexpected losses always on the horizon and need to subsidised exporters else they lose out to competitors from other countries. Going into 3Q, off to a good start with transpacific spot rate surging 30% and EC rate hitting all time record high in SCFI, hope strong demand continue well into Aug and Sep then would see better days for ship in 2H14. would be interesting to see how market respond to ship result tomorrow though it is a friday boring trading session.
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enjoylife77 Veteran	07-Aug-2014 21:57        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cash call coming?
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danger Supreme	07-Aug-2014 21:43        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	omg !!! tomorrow lau sai ??? net loss widen 55% !!!!!   panic dumping tomorrow ?
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sgng123 Supreme	07-Aug-2014 20:54        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I had also noticed that NOL management had planned 14 more charters to be returned in 2015, 14 charters returned in 1H2014 with 6 more to go in 2H14. Sad thing is the new ships never deployed in 2Q for the big cut in slot cost. Anyway more charters returned = more cost saving in 2015 by then the demand and supply situation would be stabilised seeing the recovery in global demand and better capacity ultilisation by the mega alliances. The port congestion earlier in June really hurt ship bottom line, that why noone go into container shipping business except government , unexpected losses always on the horizon and need to subsidised exporters else they lose out to competitors from other countries. Going into 3Q, off to a good start with transpacific spot rate surging 30% and EC rate hitting all time record high in SCFI, hope strong demand continue well into Aug and Sep then would see better days for ship in 2H14. would be interesting to see how market respond to ship result tomorrow though it is a friday boring trading session.
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counter Veteran	07-Aug-2014 20:37        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Your following post  is really not necessary even though you do not appreciate their sharing of knowledge. Indeed, I have never learnt so much about a particular industry in a such a short period of time, thanks to the two bros. Without Temasek, NOL would be no-existent today as a GLC. It would exist as a state-owned firm. RoundRound      ( Date: 07-Aug-2014 18:14) Posted: Do not really come to this thread as it is mainly used by 2 regulars, Lucky03 abd earlybird14, keep posting technical terms and news on and on. ....I can sleep through all of it. Without Temasek supporting, NOL would be non-existence today, I believe
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Qanghoo Supreme	07-Aug-2014 19:55        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	People will look at the bottomline - 2Q14 net loss is 55% worse than  2Q13
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