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NOL
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Lucky03
Elite |
29-Jul-2014 15:31
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Tamesek will not acquire as further acquisition is privatisation :) Earlybird, you are adamant that NOL can only continue to lose and absolutely no chance of ever turn profitable again.
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earlybird14
Supreme |
29-Jul-2014 14:55
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Cash call, no bankrupcy. Cash call imply dilution is coming. holders will be forced to exercise their right to maintain their share holding to reserve the chance for NOL turn over. Otherwise, those right highly likely will be bought by NOL with discount price. Price will be diluted according to the total amount of new share being issued. Temasek don' t really need to acquire NOL, they can increase her stake by purchasing those right who don' t want to subscribe. Short can be covered with all these new shares which result the discounted share price will not be recovered.
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earlybird14
Supreme |
29-Jul-2014 14:49
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Unlikely, NOL is under their control and they are able to assign MD from Temasek to NOL directly which imply they are fully control of NOL, acquisition will give a hurdle to NOL to raise money from open market and Temasek has to bear all the losses from NOL. Most likely raising the fund through right issue and backing by Temasek for those who don' t want to exercise their rights.
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sgng123
Supreme |
29-Jul-2014 14:41
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US 2QGDP out this week plus July Job data. IF both data exceed expectation then fun stuff would happen. The long awaited economy recovery might finally kick off in 2H14 extending to 2015. A very long wait of nearly 5 years of central banks easy money policy and finally the economy responds. Hope This year would have a strong horse year burst to the finish, with next year goat charging ahead. Horse year supposed to be charging like no tomorrow, late horse burst hopefully. |
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counter
Veteran |
29-Jul-2014 14:02
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You have raised a valid point which earlybird doesn' t seem to understand.
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counter
Veteran |
29-Jul-2014 13:01
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In my view, that will increase the likehood of Temasek acquiring NOL.
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Trespasserx
Senior |
29-Jul-2014 12:29
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Ai yo isn't someone even worse.. Nol dropped from 1 dollar to 94 cent.. Sound as if Nol going to be bankrupt in weeks or months ha..
Talking about "over the board" comment.. U will have win the title outright.. Now 7 month got a lot of getai to watch and destress chill and relax
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earlybird14
Supreme |
29-Jul-2014 12:14
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93 to 97? considered doing well? Figures pointed here can be found on the report. 7 Aug can show good result or bad result, however, cash call risk is still there. NOL need cash for their heavy borrowing.
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counter
Veteran |
29-Jul-2014 09:00
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Unfortunately, not everyone has the stomach for risk.
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counter
Veteran |
29-Jul-2014 08:37
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Agree with you We should see an increase in revenue and a decrease in costs. However, these may or may not get NOL back into the black depending on the extent of the changes as it was making a loss. That said, I believe that the Q3 result will be even more postive and the Q4 result will show further improvement, so on and so forth.
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Lucky03
Elite |
29-Jul-2014 07:05
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With generally positive news on the trade front, increased container cargo volume and port activities plus continuing aggressive cost cutting and utilization optimization through alliance, we should be looking at NOL offering a more positive set of result if not Q2 at least the year ahead. | ||||
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Lucky03
Elite |
29-Jul-2014 07:02
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US containerized imports indicate early peak season
Corianne Egan, Associate Editor | Jul 28, 2014 12:44PM EDT Containerized U.S. imports rose 6.9 percent year-over-year in June. Full-size chart U.S. containerized imports in June showed substantial year-over-year growth, as labor negotiations on the West Coast seem to have induced an early ocean container shipping peak season. U.S. containerized imports were up 6.9 percent year-over-year in June. That gain followed a 10 percent year-over-year jump in April, and a 2.3 percent rise in May. A total of 1,602,062 TEUs came into the U.S. from source countries in June, according to PIERS, the data division of JOC Group, 1.1 percent lower than May?s totals. Shippers importing goods into the U.S. bent the normal seasonal curve by shipping earlier this year in an effort to avoid congestion and slowdowns at U.S. west coast ports, where the International Longshore and Warehouse Union and port owners are involved in labor contract negotiations. ?ILWU talks skewed second-quarter import volumes, but imports are still en route to reach a new peak volume this year of 19 million TEUs,? JOC economist Mario Moreno said. ?For the second quarter of the year, imports expanded 6.6 percent year over year, 1.3 percent over forecast. I estimate about 45,000 inbound TEUs were pushed forward from the third to the second quarter.? Peak season is usually seen around July and August, but the early shipments could have pushed the peak season months earlier, boosting May and June numbers. Year-to-date, containerized imports to the U.S. are up 5 percent. Regionally, imports from northeast Asia were up 7 percent, and U.S. imports from northern Europe rose by 12 percent year over year. Trade with several countries grew by double-digit percentages year-over-year. Containerized import volumes from the Netherlands jumped 19 percent compared with June 2013, and containerized imports from Spain rose 20 percent year-over-year. U.S. imports from the east coast of South America were down 6 percent, and imports from the Caribbean fell 9 percent. Brazil and Ecuador both saw 6 percent drops in their containerized exports to the U.S. in June. Several commodities saw huge year-over-year increases, including plastic products, which jumped 48 percent compared with June 2013, and fabrics including raw cotton, which rose 38 percent compared with the same period. Containerized imports of menswear dropped the most, falling 24 percent year-over-year, while imports of sheets and towels dropped 16 percent and miscellaneous apparel imports dropped 13 percent. Contact Corianne Egan at [email protected] and follow her on Twitter: @CEgan_JOC. |
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Lucky03
Elite |
29-Jul-2014 06:58
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Rise in Mediterranean shipments boosts utilization, spot rates
Corianne Egan, Associate Editor | Jul 28, 2014 4:24PM EDT A rise in traffic from Asia to Mediterranean ports has led to a tight capacity issue and a substantial rise in spot prices for container cargo. Drewry reported a total of 422,000 20-foot containers were moved from Asia to the Mediterranean in March. April TEUs rose slightly to 427,000, but May?s totals rose nearly 7 percent month over month to 458,000 TEUs. June totals have not been finalized, but Drewry anticipates a small slowdown in cargo numbers. May?s jump, however, brought the lane?s cargo volume to one million TEUs, 7 percent higher than the same period of 2013. Growth to the Western Mediterranean was 8.6 percent, compared to the Eastern Mediterranean?s 5.7 percent, Drewry said in the latest edition of its Container Insight Weekly. ?The pace of change was well ahead of normal seasonal cargo growth, as well as economic growth, suggesting that even better times lie ahead,? Drewry said. The phenomenon, however, may also be a flash in the pan. Drewry said there?s a chance that after five years of difficult economic conditions, belts have loosened just enough to replace the essentials. Consumers could be replacing cars or appliances, in which case the cargo numbers to the Mediterranean won?t hold. The SCFI rate to the Mediterranean stood at $1,459 per 20-foot container as of July 25. Full-size chart Capacity also has tightened on the lane. The CKYHE alliance reduced its capacity by 16 percent by streamlining sailings, which resulted in a 3 percent capacity reduction from April to May for the lane as a whole, Drewry said. However, the average vessel size increased from 8,100 TEUs in April to 8,530 TEUs in May and June. In theory, that means utilization rates could have been over 100 percent, Drewry said, but carriers seem to have battled the problem with unscheduled sailings. The capacity issue, however, is shown in the pricing for cargo running from Asia to the Mediterranean. Overall, spot rates on the Shanghai Containerized Freight Index from Asia to the Mediterranean have been up substantially, rising from a low in mid-March. Despite some erosion in recent weeks, the spot rate stood at $1,459 per 20-foot container as of July 25, up 63 percent from the low for the year of $893 on March 21. Shippers may have been cautious to add capacity with the P3 Network set to begin sailing in the early third quarter. Now, with the rejection of the alliance by Chinese regulators and a new try by Maersk Line and Mediterranean Shipping Co. in the form of the proposed 2M vessel-sharing agreement, which won?t begin offering service in the Mediterranean until after the new year, interesting times could lie ahead, Drewry said. Contact Corianne Egan at [email protected] and follow her on Twitter: @CEgan_JOC. |
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MetalTrader3
Supreme |
29-Jul-2014 00:58
Yells: "Let Your Ignorance Be Shown Tommorrow! ~ PredictorX" |
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In time of storm, lies the greatest treasure hidden beneath the ship.
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sgng123
Supreme |
27-Jul-2014 21:48
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Double digit growth in volume for 2Q but single digit growth in revenue as shown by OOCL operating report. This squarely pointed out cost cutting and getting more fuel fuel efficiency ships is key to sustain profitability. NOl need a double digit drop in slot cost to bring back the big investors favor and maybe go back into the STI index stock if it manage a recovery in profit this year. Freight rate level seen in the last 10 years is long gone and current freight rate level is the new norm despite demand picking up. IT is the case of better efficency bring about lower cost of transportation, less wastage = more profit. NOL need to cut even more, might need to separate it terminal / logistic business from it shipping unit to max out efficiency and reduce wastage. Time for temasek to do something after the 2Q result, time to change CEO or privatise the group guess guess guess. |
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Lucky03
Elite |
27-Jul-2014 18:22
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While APL operates in different market segment, some will still see Baltic Dry Index which tracks containers ferrying raw commodities as having some bearings on NOL's
performance. Similarly, there is also another indicator for tankers for energy and oil. Anyway for reading pleasure and knowledge purpose, below is an article on BDI. Home / Shipping News / International Shipping News / A key gauge of global shipping costs is plunging and you should pay attention A key gauge of global shipping costs is plunging and you should pay attention in International Shipping News 26/07/2014 A harbinger of global economic slowdown or simply an oversupply of big ships? That?s the debate surrounding the big drop in the Baltic Dry Index, a closely-watched gauge of global shipping costs, since the beginning of the year. The index is down around 68% since the start of the year. It stood at 727 on Thursday after hitting an 18-month low of 723 on Tuesday. Much like copper prices or freight-car loadings, economists and traders have long looked at the index as an indicator of the health of the global economy. But savvy observers know that the index, like those other indicators, isn?t an infallible guide, either. So what?s going on? The Baltic Dry Index is a daily measure of freight costs for grains, metals, coal and other commodities. It?s compiled by London?s Baltic Exchange,which directly contacts shipping brokers to find price levels for particular routes, products and delivery times. It?s easy to see why the index would be viewed as a potential bellwether given its inherent sensitivity to demand for raw commodities. That role, however, has come into dispute thanks to a surge in the supply of shipping vessels, notes Caroline Bain, senior commodities economist at Capital Economics. Bain,in a note, argues that the fall in the index has been overdone and that underlying commodity trade volumes remain pretty healthy: While the shipping market remains in oversupply, the gap between supply and demand has narrowed. The latest data show that the volume of dry bulk commodity trade rose by 7% in H1, while growth in shipping capacity grew by just 5%. The volume of China?s imports of iron ore and soybeans grew by 17% y/y and 34% y/y respectively in 3-month average terms in H1. The growth in trade occurred despite the negative impact on volumes of Indonesia?s ore export ban since mid-January and regulations in Colombia that delayed coal exports for much of Q1. Bain sees dry bulk trade growing strongly in the second half, with a sharp, first-half fall in iron ore, coal and grains likely spurring fresh demand. Meanwhile, Australia is ramping up production of iron ore and coal and the U.S. is on track for a bumper grain harvest, she notes, while China could significantly boost its own exports of steel and aluminum ? all factors that are likely to boost shipping demand in the months ahead. She also sees a strong medium-term outlook for bulk commodity trade thanks to expected growth in Chinese demand for imported iron ore and refined metal. Policy changes by the Chinese government could also lead to increased global trade in soybeans and grains, she says. All of that leads Bain to forecast a possible recovery in the index from the 727 level scored Thursday toward the 2,000 level. A less sanguine outlook comes from the reliably un-rosy Zero Hedge, which ties the drop in with a ?collapsing? world GDP growth expectations and slowing trade volumes. The IMF on Thursday lowered it forecast for 2014 world growth to 3.4% from a previous projection of 3.7% but maintained its outlook for growth of 4% in 2015. Source: MarketWatch |
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Lucky03
Elite |
27-Jul-2014 18:03
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Home / Shipping News / International Shipping News / RWI/ISL Container Throughput Index: World trade more active again
RWI/ISL Container Throughput Index: World trade more active again in International Shipping News 26/07/2014 By all appearances, global trade has extended slightly stronger again in June. This is indicated by the Container Throughput Index of the Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) and the Institute of Shipping Economics and Logistics (ISL), which increased from (unchanged) 121.3 to 123.2 points. Thus, the index reached the highest value observed to date. The data for May remained unchanged compared to the flash estimate issued a month ago. The current flash estimate for June is based on data of 36 ports covering two-thirds of the container throughput represented in the index. Therefore, no major revisions are expected to be necessary. The index is based on data of 75 world container ports covering approximately 60% of worldwide container handling. The ports are continuously monitored by the ISL as part of their market analysis. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade. As many ports release information about their activities only two weeks after the end of the respective month, the RWI/ISL Container Throughput Index is a reliable early indicator for the development of international merchandise trade and hence for the activity of the global economy. The RWI/ISL Container Throughput Index for July 2014 will be published on August, 22nd. Source: ISL (Institute of Shipping Ecomonics and Logistics) |
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Lucky03
Elite |
27-Jul-2014 17:55
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The sell short volume for NOL has decreased significantly - 614 lots, 229 lots, 325 lots and 95 lots for 22. 23, 24 and 25 Jul. | ||||
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Lucky03
Elite |
27-Jul-2014 17:49
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The recovery of global demand for commodity will be helpful.
Philadelphia container volume up 29 percent Joseph Bonney, Senior Editor | Jul 25, 2014 12:27PM EDT Container volume at the Port of Philadelphia jumped 29 percent during the first half of the year, aided by two new services and a continuing shift of breakbulk to containers for shipments of imported fruit. The Philadelphia Regional Port Authority said container volume from January to June totaled 219,060 20-foot-equivalent units, compared with 168,820 TEUs a year earlier. Containerized cargo during the first half of 2014 totaled 1.4 million metric tons, a 19 percent increase. The agency said the port is on track for its fifth consecutive year of double-digit cargo growth. The first-half results reflect a full six months of Horizon Lines? Puerto Rico service, which transferred to Philadelphia last year from New York-New Jersey, and the addition of a new West Coast service of Maersk, Mediterranean Shipping Co. and CMA CGM. The increases also reflect the increased use of containers for fruit imports by carriers such as NYK Line, a port authority spokesman said. Breakbulk cargoes through the port?s public facilities increased almost 13 percent, largely because of steel and forest products. Steel shipments totaled 194,519 tons, a 67 percent increase from a year earlier. Shipments of lumber, woodpulp, high-quality paper and other forest products increased 14 percent, to 240,183 tons. Breakbulk shipments of fruit (118,861 tons) and cocoa beans (72,747 tons) were flat with last year. Vehicle shipments increased 6 percent, to 72,722 units. The port?s automobile imports are dominated by Hyundai and Kia vehicles from South Korea. Contact Joseph Bonney at [email protected] and follow him on Twitter: @josephbonney. |
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Lucky03
Elite |
27-Jul-2014 15:59
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Ports are doing better business now. Container liners should see their days.
Recovering US and EU markets drive up Hutchison?s results Greg Knowler, Senior Asia Editor | Jul 26, 2014 3:24AM EDT Hutchison Port Holdings Trust (HPH Trust) reported a 16 percent rise in first-half net profit on the back of improved U.S. and European cargo and greater transshipment volume. The Singapore-listed ports unit of Hutchison Whampoa posted a $119 million profit for the six-month period as container throughput at its deep-water ports rose by 6 percent, the company told investors. However, this was partially offset in the second quarter by a 5.1 percent year-over-year rise in operating expenses to $282 million, a result of higher container throughput, an increase in external contractors? costs and inflationary pressures. Throughput at its Hong Kong terminals ? HIT, Cosco-HIT and ACT ? grew 7 percent to 6.22 million 20-foot containers, largely a result of the acquisition of ACT in March last year, while terminals at Yantian International Container Terminal (YICT) hit 5.18 million TEUs between January and June, a year-over-year increase of 5 percent. Container throughput growth at YICT was driven by transshipment and exports to the U.S., while the growth at HIT was a result of greater transshipment volumes, although it was pulled down by falling intra-Asia cargo, HPHT said in its earnings presentation. Average revenue per TEU was lower for both Hong Kong and Yantian because of a higher percentage of transhipment cargo. Hong Kong port as a whole saw an 8.5 percent increase in the number of containers handled by the terminals at Kwai Chung in the first half, with almost 9 million 20-foot boxes crossing the wharves, continuing a steady improvement in volume since the beginning of the year. ?The throughput increase in the first half of 2014 at Kwai Tsing Container Port was attributed to strong growth in both transhipment and barge volume, which are the two major cargo segments now accounting for the majority of our business in Hong Kong,? said Jessie Chung, chairman of the Hong Kong Container Terminal Operators? Association. In its outlook for the rest of the year, the Hutchison ports arm controlled by Asia?s richest man, Li Ka Shing, said growth in the U.S. and Europe would play a major role in the container throughput of HPH Trust, and the consensus for both markets was ?favourable.? ?Both outbound cargoes to the U.S. and Europe have displayed upward trends. Cargo volume for transshipment and the niche trade routes of Far East, Africa, Central and South America and Oceania is expected to increase considerably,? the HPH Trust report said. Despite the U.S. economy contracting by 2.9 percent in the first quarter because of harsh winter weather, HPH Trust said growth had rebounded strongly in the second quarter. Manufacturing activities gained more momentum in June, and the number of new orders hit its highest level in more than four years. Consumer sentiment in the U.S. rose as consumers remained optimistic about the economic outlook and the unemployment rate fell to near a six-year low of 6.1 percent. Year-to-date through June, container volume moving from Northeast Asia to the United States is up 4.74 percent, according to figures from PIERS, the data division of JOC Group Inc., as shown on JOC?s Trans-Pacific Eastbound market data dashboard. The Eurozone economy continued to grow, but at a slower rate, HPH Trust said. The market?s economic recovery was expected to continue at a moderate pace in the coming months, driven by domestic demand. Year-to-date through May, Asia-to-Europe container traffic was up about 8 percent from the same period in 2013, according to data from Container Trades Statistics. Adding to the optimistic outlook of the Hutchison ports unit is China?s stabilizing economy. The HSBC China Manufacturing Purchasing Managers? Index rose above the 50-point level for the first time this year, indicating growth in the manufacturing sector. The growing size of container ships will also be a driver of future growth. HPH Trust said that despite the rejection of the P3 Network alliance by China?s Ministry of Commerce, the major liners continue to deploy mega-vessels to promote economies of scale, form alliances to control costs, boost efficiency, and expand the coverage of vessel-sharing schemes to strengthen competitiveness. ?With our leading edge infrastructure, natural deep-water channels, long continuous berths, mega-vessel handling capabilities and scale of operations, HPH Trust is well positioned to pursue and benefit from these development and from servicing these large shipping alliances,? the port operator said. Contact Greg Knowler at [email protected] and follow him on Twitter: @greg_knowler. |
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