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NOL
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Davidson
Senior |
24-Sep-2014 16:35
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What is the next low entry point? This share dun look good keep going down? | ||||
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danger
Supreme |
24-Sep-2014 15:53
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Those that cheong in at $1 and havent unload must be sore now |
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Lucky03
Elite |
24-Sep-2014 07:57
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I always wonder if APL is in intermodal fright business or purely sea container plus APL Logistic warehousing and APL Terminal. I do see APL container trucks on the road. Shouldn't they be benefiting from positive news like below ?
Continued rise in contract truck rates, freight demand likely, FTR says William B. Cassidy, Senior Editor | Sep 23, 2014 4:24PM EDT U.S. shippers are paying more to move goods inland as contract truck pricing rises as the fall inland peak shipping season gets under way, according to FTR Associates. The research firm doesn't expect that trend to change any time soon, as manufacturing, construction and consumer demand increase in the second half of 2014. "Our numerous interactions with shippers, truck fleets and railroads only enhanced our conviction that the freight transportation markets remain strained," Jonathan Starks, FTR director of transportation analysis, said after the annual FTR transportation conference. Spot market truck rates have been running high all summer, setting the stage for contract rate hikes. FTR attributes some of the rate hikes to the rising cost of finding and hiring drivers. FTR?s Shippers Conditions Index for July fell 1.3 points from the previous month to a reading of minus-7.8, reflecting tightening truck capacity and a strong upward move in contract pricing. Any SCI reading below zero indicates what FTR calls a "less-than-ideal environment" for shippers ? meaning higher costs and less capacity. Readings below minus-10 signal that conditions are approaching "critical levels," based on available capacity and expected rates. FTR said it expects the Shippers Condition Index to stay in negative territory "for the foreseeable future" as freight demand increases and spot market and contract truck rates rise. The "silver lining," Starks said, is that FTR expects only "limited capacity shortages" this fall. "The downside is that truck rates are continuing to move higher and are unlikely to stop that momentum this year," he said. Ongoing railroad service problems are likely to continue into the winter, making intermodal rail less of a pressure-release valve for over-the-road shippers. "It will take even more work, and possibly delays, to get your non-optimized loads moved," said Starks, as truckers in a tight market choose the most "optimal" freight. Contact William B. Cassidy at [email protected] and follow him on Twitter: @wbcassidy_joc. |
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Lucky03
Elite |
24-Sep-2014 07:40
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Their typical trick is to press the price down to collect cheap once they have winds of what's coming. They may also lure short sellers to trap them. Whatever, NOL should not take so long to give an update. By the time the news was leaked on 19 Aug, it must already be at some stage of negotiation or exploration. Another 5 weeks passed and still no updates. They are giving up the idea or they are waiting for GIC's completion of the injection of capital for an equity in the US Logistic business who has stated their plan to use proceeds to acquire other logistic firms ?
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Qanghoo
Supreme |
24-Sep-2014 06:52
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It' s not no news. It' s ' confidential' until someone leaks it and cks start taking advantage ahead of others. By the time retailers get to know and volume and price shoot up and SGX do the customery query, is the time when the real excitement is almost over. .
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Lucky03
Elite |
24-Sep-2014 01:42
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I hope to see that they bring in ruthless and shrewd new CFO who can pull all levers and squeeze the organisation really hard to get the cost down and act decisively on corporate restructuring and strategic development ! Too slow. Already 5 weeks and no news if they are selling or going for IPO for APL Logistic. | ||||
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sgng123
Supreme |
24-Sep-2014 00:46
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ship is undergoing restructuring, management reshuttle and business model redefined. Going from chartered based business model to asset owned means debt built up due to payment for the new ships. Now ship trying hard to par down the debt level by selling off / IPO APL logistics to further cut down on fixed cost, maybe also need to spin off terminal to unlock more value for investors. After divesting all those non core asset, TH would nationised NOL too giving a fair value for all NOL investors after taking into acount future earning on the reduced slot cost next year. So in short we need to see some sort of divestment before TH would privatise ship, patience in key for this and sadly cannot even punt on it due to range bound move by TH. No way to earn any money from this kind of stalemate condition. |
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Lucky03
Elite |
24-Sep-2014 00:31
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Everytime reading such positive report Maersk. When can we hear similarly positive comment on NOL ?????
DANISH shipping giant, Maersk Line, is poised to reap the rewards of improving global trade conditions especially if early signs of a recovery in demand on the key Asia-Europe route prove to be true, according to a Drewry analyst. Monday, 22.Sep.2014, 18:53 (GMT) Maersk poised to win big from low costs and upturning A-E market: Drewry DANISH shipping giant, Maersk Line, is poised to reap the rewards of improving global trade conditions especially if early signs of a recovery in demand on the key Asia-Europe route prove to be true, according to a Drewry analyst. Drewry equity research chief Rahul Kapoor said lower bunker costs and consumption, a continuous cost saving programme running since 2012 and the introduction of ships that burnt 15 per cent less fuel puts Maersk in a good position to make big money. "We believe the magnitude of cost cutting over the last couple of years combined with increased volumes, which are higher than its peers, point to a very good year for Maersk," said Mr Kapoor. Drewry Maritime Equity Research analysis found that unexpectedly high trade growth of 2Q14 from Asia to Northern Europe had continued into the early 3Q14 peak season, with 90 per cent utilisation. Maersk Line, with around 15 per cent of global container capacity, would be "the key beneficiary" among shipping lines if global trade volume gains maintained momentum and freight rates recovered, reported Lloyd's Loading List. "Maersk Line's key trade lane of Asia-Europe is already showing early signs of renewed growth with year-to-date volumes up a significant eight per cent, surpassing our expectations," said Mr Kapoor. "In the freight rates front, even as 2014 contracts were signed for weaker rates, spot rates have shown a positive trend with significantly higher yearly averages." he said. "We expect higher volume growth and a decline in freight rate volatility to provide continued earnings visibility for Maersk Line in the next few years as the container shipping demand-supply balance returns to equilibrium," he said. Last month, Maersk Line surprised investors with a profit of $547 million, compared to profits of $439 million and $454 million in 2Q13 and 1Q14 respectively, During the period liftings were up 8.9 per cent year-on-year and freight rates rose 0.6 per cent. |
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Lucky03
Elite |
24-Sep-2014 00:29
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NOL commented Q3 2013 was one of the weakest peak season they have seen in recent years. This year Q3 peak season had turned out quite well so far and hence no reason for NOL not to turn in a much better profit of US$20m registered for Q3 2014.
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Lucky03
Elite |
24-Sep-2014 00:20
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Will NOL disappoint us again when they release Q3 result 31 Oct ?
Stifel: Growth in air, sea shipments expected in second half Stifel?s combined Logistics Confidence Index for sea and air freight in September increased 6.2 points year-over-year to 59.2. Full-size chart Air and ocean freight are expected to see ?good? trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a number of high-profile tech product launches, according to a new survey from the investment firm Stifel Nicolaus. Stifel said expectations in September rose across the board, with both air and ocean posting strong gains, driven by growth in major Europe-linked international trade lanes. The combined index for sea and air freight increased 3.5 index points from August to 59.2. An index level above 50 shows positive growth. The index has remained above the 50 percent mark for 20 straight months. ?Underlying the increase was an acceleration in present volumes, and a positive inflection in expected volumes, which suggests that the declining optimism last month could have been tied to the timing of Chinese New Year in 2015,? Stifel said in its report. The current air freight volume index increased 2.1 points in September, and six-month expectations improved 3.7 points to 58.4, Stifel said. Asia-Europe traffic was the biggest contributor to improvement in the current air freight volume index, which reached its highest level since the index began in March 2012, and has now been positive for three consecutive months, according to the analyst. Results in other lanes were muted, with declines on the Europe-to-U.S. and U.S.-to-Europe routes, although Europe-Asia traffic increased slightly, Stifel said. ?These results suggest, in our view, a robust peak season (due to Asian exports role in peak), which is consistent with recent semiconductor billings data, IATA summer volume readings and the advent of new consumer-tech product launches,? Stifel said. The air cargo market was giddily awaiting the unveiling of Apple?s new iPhone 6 on Sept. 8, which was expected to create a spike in export traffic from the production city of Zhengzhou and add further lift to solid air freight volumes out of China. The current sea freight index increased 4.3 points in September, and the six-month expectations rose 4.1 points, according to Stifel. The current performance was more consistent than with air, as all trade lanes registered increases. ?We believe that sea freight increases are a better indicator of a more broad-based recovery in global trade volumes, as the lead times for peak-season ocean shipping have largely passed, whereas those for air are or are just about to start hitting stride,? Stifel said. Stifel?s September survey, prepared in cooperation with U.K.-based Transport Intelligence, also asked whether respondents have seen any changes over the last three years in volumes with origins or destinations in Europe or the U.S. Nearly half of the respondents, 47 percent, said they had seen an increase with a slow but fairly steady recovery off the bottom. About a quarter, 26 percent, indicated that they have seen volume declines, with some commentary suggesting that it was because of structural changes in consumption or supply chain patterns. Of the remainder of respondents, results were split evenly between those seeing no perceptible changes in volumes and those with limited operations on those lanes. Contact Grace M. Lavigne at [email protected] and follow her on Twitter: @Lavigne_JOC. |
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counter
Veteran |
23-Sep-2014 23:07
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You will probably be finished before NOL is.
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Lucky03
Elite |
23-Sep-2014 17:56
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They are so slow to turnaround the ship and even issuance of any update to the plan to divest APL Logistic announced only after leak by Reuters is so quiet ! Not even a single bit of market rumors or speculation .... I believe the market is just getting so tired of waiting :( . | ||||
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danger
Supreme |
23-Sep-2014 16:40
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NOL FINISHED ??!! 95c already |
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sgng123
Supreme |
23-Sep-2014 02:43
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This article just pointed out the fact cost cutting is the saviour for carriers, screw the service quality and go all out to cut and terminate loss making lanes and divest off non core asset. NOl should clean up all it non core asset, sell off APL terminal and logistic, focus solely on containers shipping and break up the supply line. Going full commercial is the way for NOL, exporter die is their business no need to keep subsidising their export through cheap full board service. Management need a wake up call or be replaced with cost cutting bankers lol. Bank are very good in cost cutting, in fact they perfect it lol.
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Lucky03
Elite |
22-Sep-2014 22:10
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Hope to see APL proves the significant cost saving shared in below article in NOL's Q3 result to be released 31 Oct !
Carrier savings about more than just bunkers, say lines Greg Knowler, Senior Asia Editor | Sep 22, 2014 5:43AM EDT The savings to be gained from a container line getting more miles to the gallon are immense. Take NOL Group: In just over two years the Singapore-based company managed to save $1.2 billion with more than half the savings coming from cuts in bunker consumption and better network management at its liner division, APL. ?This is made possible by factors such as improved vessel speed management and the entry of bigger, technologically advanced and highly fuel-efficient ships into the APL fleet coupled with the progressive return of smaller, expensive and less efficient chartered vessels,? an APL spokesman told JOC.com. ?These effectively lifted the APL fleet?s overall fuel efficiency through optimised fuel consumption.? The bunker price has played along with the cost savings game, supporting the stressed balance sheets of the world?s carriers. Drewry data reflected the Rotterdam price of IFO 180 bunkers dropping more than $60 since the end of June to $570 per ton. However, hanging cost saving efforts on the price of oil was not sustainable as it applied to all carriers and was eventually passed on as lower freight rates, according to Lars Jensen, CEO of SeaIntel. ?The sustainable path to reduced costs lies in a systemic approach to cost savings related to better understanding of total network costs,? he said. Container lines are building larger vessels to optimise economies of scale and lower the carrying costs per 20-foot unit, but Jensen said it was about more than just having large, fuel efficient vessels in the fleet. ?You need to ensure that costs related to the usage of this vessel, i.e. feeder costs at either end, inland costs, equipment repositioning, etc., are properly taken into account. This results in a level of complexity where systematic reliance on computer models ?? rather than gut feeling ?? becomes critical. In turn, this can only be accomplished by a fundamental shift in mindset within the carriers, a shift wherein Maersk Line appears far ahead of their main competitors,? Jensen said. Underpinning the Maersk Line approach is the belief that freight rates will not improve any time soon. CEO Soren Skou said earlier this month that rates had fallen by 2-4 percent over the last 10 years and that trend was unlikely to be reversed, and the company strategy would remain firmly on cutting costs. ?We have been committed to being very disciplined about deploying capacity and being very focused on taking cost out, because we do see that in this great environment the trend is only one way, and that is down,? he said in an interview with JOC.com. ?So, to my mind, lowest cost will win.? Bunkers can comprise more than 50 percent of a liner?s operating costs, so any price cuts have a significant impact. However, the APL spokesman said while bunker management was a key area that offered cost-saving opportunities, the carrier targeted ?all areas and facets of our operations to improve overall efficiency and reduce costs,? including terminals, land side operations and equipment-related areas. ?Lower bunker prices in the market do contribute to fuel savings, but we have also managed to leverage economies of scale through aggregated volumes to obtain attractive bunker prices and terms,? he said, adding that the line?s participation in the G6 Alliance was also generating significant cost and operational efficiency gains. Japanese line MOL?s European managing director Adrian Jones, speaking at an intermodal conference earlier this month, said when it came to cutting down operating costs, bunkers played the leading role. ?If we are at the whim of the market in terms of supply and demand, the only other option to returning to profitability is through saving costs, and that principally means bunkers,? he said. Lim Lian Hoon, Alix Partners? Hong Kong managing director, said cutting down unit consumption of fuel was similar to getting more miles per gallon, but the carriers also needed to buy better. ?Some companies buy bunker fuel better than others, because some areas in the world have cheaper fuel than others. It is about matching those cheaper priced bunkering ports with the networks to take the ships to places where they can fill up with cheaper fuel,? he said. The top 20 carriers hold 80 percent of the container shipping market and they had been ruthless in taking out costs, some better than others. ?Prior to 2008, the proportion of cost structure spent on fuel was not very high because oil was at $40 a barrel. Now that cost is enormous because oil is $100 per barrel, but the shipping lines can?t recover the costs because of excess supply of capacity that keeps rates down,? he said. Contact Greg Knowler at [email protected] follow him on Twitter:@greg_knowler. |
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Lucky03
Elite |
21-Sep-2014 03:07
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GIC is investing into a US Logistic firm while TH is divesting APL Logistic thru NOL. It won't be so simple. Maybe they need a Municipal Investment Office to strategize across the 2 funds.
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sgng123
Supreme |
20-Sep-2014 20:26
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ship share price is controlled by temasek, as long TH give the thumb up to push the stock it would go else remain in this range. Very difficult for us to punt cos TH is holding the ship to range bound and keeping out the speculators. weak market sentiment is nothing as the share price is not really open to market , it more of controlled movement by TH. This is to keep pressure on the management to perform lol else they gona get kick in the butt. Hopefully after future for APL logistics is confirmed, a merger would follow suit and this meant nationisaiton of NOL by TH like what happen to bus transport in singpore. |
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Lucky03
Elite |
20-Sep-2014 02:01
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Only 8 lots shorted Friday ??? It is drying up ! Very strange. I thought some traders may try short it as buyers are few and easy to short sell and push it down esp when market sentiment is weak on the whole. | ||||
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Lucky03
Elite |
20-Sep-2014 01:57
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Watch the 50D MA. It is inching up very close to the 100D MA. It should be cutting within days and if it crosses decisively and can maintain its up trend, it may signal a mini rally. If the other news including divestment, M&A plus potential good showing for Q3, the timing will be perfect. NOL has a dismay Q3 last year stating one of its worst peak season. This year Q3 should be the opposite and hopefully will translate to a much better YoY performance. | ||||
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Lucky03
Elite |
20-Sep-2014 00:07
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Ongoing effort to leverage on alliance to streamline and realise cost saving.
SINGAPORE's Neptune Orient Line's APL, is to join the SE Asia-Brisbane-New Zealand (NZS/NZX) service jointly operated by PIL, OOCL, MOL and NYK, from October. Wednesday, 17.Sep.2014, 19:13 (GMT) APL to offer alternative service in October to cover New Zealand SINGAPORE's Neptune Orient Line's APL, is to join the SE Asia-Brisbane-New Zealand (NZS/NZX) service jointly operated by PIL, OOCL, MOL and NYK, from October. APL will deploy one ship and will brand the service NZE and the new arrangement will supersede APL's current SE Asia-NZ coverage ensured through its participation to the NAX service that it runs jointly with CMA CGM/ANL and Hanjin, branded 'Kiwi Express' by ANL and AAZ by Hanjin. The two APL ships currently deployed on the NAX will be withdrawn in October, according to Alphaliner. The NZE will serve the ports currently covered by the NZS/NZX joint service rotate through Port Kelang, Singapore, Brisbane, Auckland, Lyttelton, Wellington, Napier, Tauranga and back to Port Kelang. |
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