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NOL
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Lucky03
Elite |
26-Mar-2014 22:25
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PUBLISHED MARCH 26, 2014 US durable goods orders, shipments bounce back in February PRINT |EMAIL THIS ARTICLE [WASHINGTON]Orders for long-lasting US manufactured goods rebounded more than expected in February and shipments snapped two straight months of declines, providing fresh signs the economy was shaking off some of its winter gloom. The Commerce Department said on Wednesday durable goods orders rose 2.2 per cent as demand increased almost across the board, ending two consecutive months of declines. January orders of these goods, which range from toasters to aircraft and are meant to last three years or longer, were revised to show a slightly bigger 1.3 per cent drop. Economists polled by Reuters had expected orders to rebound 1.0 per cent last month after a previously reported 1.0 per cent drop in January. |
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Lucky03
Elite |
26-Mar-2014 21:29
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Pre-Market: US Durable Goods Send Global Stocks Higher
By Alex Brokaw Mar 26, 2014 9:16 am Stock futures pointed toward a higher open on Monday. Before the opening bell, Dow Jones (INDEXDJX:.DJI) futures rose 0.43% to 16,368. Futures on the S&P 500 (INDEXSP:.INX) were up 0.38% to 1,866.30. Nasdaq (INDEXNASDAQ:.IXIC) futures moved higher, rising 0.50% to 3,642.00. Pre-session trading was driven by durable goods, which increased 2.2% in February to $229.4 billion following two months of decline. MBA purchase applications climbed 3.0% last week but did not lift the year-on-year rate which is down 17%. The Purchasing Managers' Index services flash arrives at 9:45 a.m. The EIA petroleum status report will be released at 10:30 a.m. Round two of the Federal Reserve's annual stress test commences today, where the Fed will sign off on banks' capital-return plans. Global markets moved higher in anticipation of the US durable goods reports, which has now added evidence that the US economy is accelerating. Asian stocks rose after US consumer confidence hit a six-year high. |
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Lucky03
Elite |
26-Mar-2014 13:26
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PUBLISHED MARCH 26, 2014 Singapore factory output up 12.8% in Feb on pharma, electronics BY TEH SHI NING PRINT |EMAIL THIS ARTICLE SINGAPORE'S industrial output surged 12.8 per cent in February from a year ago - the largest jump in at least two years, thanks to strong biomedical, electronics and transport engineering activity. Manufacturing growth accelerated sharply from January's year-on-year pace of 4.4 per cent, but still came in slightly below the market's expectations. The 19 economists polled by Bloomberg prior to the data release had a median growth forecast of 12.9 per cent. Although the biomedical manufacturing cluster grew 19.3 per cent in February from a year ago, it was not the sole driver of growth. |
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darthiliator
Senior |
26-Mar-2014 11:12
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Its obvious, the counter is consolidating. Global economy keep coming up good news, and multiple shipping company is facing bankruptcy. It has come to a point where, it either goes up or die. And as the saying goes when u hit rock bottom there is no where else to go but up. Unless u belief that NOL can die la. | ||||
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ascend88
Master |
25-Mar-2014 23:45
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Even those -ve posts and fear talks are less .. | ||||
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Lucky03
Elite |
25-Mar-2014 23:11
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Indeed, the chart will look positive if it breaks above 1.005. The 20d MA is beginning to trend upwards and offering support for the uptrend. Got to watch if it will break above 1.005 to stay above the 50d MA.
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Lucky03
Elite |
25-Mar-2014 22:30
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NOL has done all the 3 recommendations - divestment is the recommendation of the study for carriers, along with tight cost control and partnerships where sensible.
Container industry bankruptcy risk rises again: AlixPartners By Gary Howard from London The risk of financial distress, including possible bankruptcy, is at its highest level in the container industry since 2010, according to AlixPartners. A changing marketplace, sluggish demand growth and growing debts have led to the risk rising for listed container companies for three straight years according to a study of the world's 15 publicly traded carriers. The advisory firm's study also mentioned the negative effects of the industry's push for megaships and fleet expansion beyond current demand requirements. "The container shipping industry as a whole continues to face stiff challenges, and for many companies in the industry those challenges could be existential if not addressed," said Lisa Donahue, managing director and global head of Turnaround & Restructuring Services at AlixPartners. "These challenges also have, and will continue to have, a big effect on shippers and investors as well." Investors are recommended to closely scrutinise the viability of each company, whilst also being prepared for possible asset sales should lines look to divest non-core assets. Such divestment is the recommendation of the study for carriers, along with tight cost control and partnerships where sensible. "For all the challenges facing all the players in the container shipping industry today, there are also a lot of opportunities, including the promise of the much greater profitability that a streamlined, resilient industry might bring, as has been the case in many other industries," said Donahue. "But to make the most of those opportunities will take insightful analysis and then firm, decisive action. It's been done in other industries, and it can be done in this one as well." Published in Europe © 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 March 2014 13:15 |
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spore1
Supreme |
25-Mar-2014 15:38
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in neutral mode.breaking out of $1.01 will be trending higher
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Lucky03
Elite |
25-Mar-2014 07:30
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PUBLISHED MARCH 25, 2014
Euro pushes back against dollar helped by firm PMI data PRINT |EMAIL THIS ARTICLE [NEW YORK] The euro headed higher against the dollar Monday helped by an improvement in euro zone business activity this month. Boosted by gains from France, the Euro zone Composite purchasing managers index reached 53.2 in March and follows a 53.3 reading in February. And with a slight acceleration in new orders, the data suggests growth could continue in April. At around 2200 GMT, the euro traded at US$1.3835, up from US$1.3794 late Friday. |
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Lucky03
Elite |
22-Mar-2014 20:45
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Some segments of shipping industry showing signs of recovery
A A+ 21 Mar 2014 20:01 SINGAPORE: The shipping industry has had to navigate rough waters since the end of a boom in 2008. But industry watchers have said certain segments are starting to show signs of recovery, and as a result, more funding is flowing back into the industry. In particular, private equity funds have been showing fresh interest. Dry bulk carriers - which transport commodities such as iron ore, coal and grain - and tankers, which carry liquids or gases, are beginning to show an improvement in freight rates and value of newly-built vessels. This is according to Standard Chartered Bank's shipping finance experts. Standard Chartered Bank's shipping portfolio is worth approximately US$5.5 billion, comprising both loans and leases. About 75 per cent of its portfolio is made of up clients from Asia. With prospects of a rebound after years of overcapacity, funds have been returning to the shipping sector. After dropping to US$38 billion in 2010 from some US$93 billion prior to the financial crisis, new shipping finance has risen to as much as US$56 billion last year. Growing finance comes as new players have been stepping in to fill the financing gap. They include Chinese policy banks, China Development Bank and China Exim Bank, and Chinese bank leasing subsidiaries. Regional and local banks in the Middle East, Malaysia, Singapore and Thailand have also been entering the market. Nigel J Anton, global head of shipping finance at Standard Chartered Bank, said: "Whilst the US$56 billion comes from Chinese banks, leasing companies, the export credit agencies and the regional banks, we are seeing private equity as a new entrant to our industry - some US$9 billion in 2013. I think it will rise in 2014. ?I think they see interesting fundamentals in the industry. The dry and wet sectors of our industry have been going through difficult times. Now, as the market (rises), they see it as an opportunity to invest into it." Closer to home, Singapore is expected to remain a shipping and financing hub. That is despite concerns of potential disruption from the development of new deep sea ports in Myanmar. Abishek Pandey, regional head (South and Southeast Asia) of shipping finance at Standard Chartered Bank, said: "Due to the geographic location, it is a very good corridor for India, ASEAN and China in terms of curtailing the distance, so yes, there will be a little bit of impact on the Malacca Strait trading route. ?But how quickly will these deep sea ports be up and running and what will Singapore do? Singapore has always led the pack, not only because of its geographical position but (also) making it more attractive for business purposes." Analysts also said the emergence of potential new shipping routes such as the Arctic Circle is unlikely to impact traffic in the region in the near term. They said the Arctic Circle route is less feasible than the traditional Suez Canal route. Standard Chartered analysts said that last year, less than 50 ships moved through the North Sea Route, compared to more than 18,000 ships travelling through the Suez Canal. |
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Lucky03
Elite |
22-Mar-2014 18:20
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The article below was dated Dec 11 2013.
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Lucky03
Elite |
22-Mar-2014 18:19
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APL which is the shipping arm of NOL is part of G6. It is hard to tell if this is positive or negative. While competition may intensify, it may also give the carriers a more controlled environment to set more reasonable and hence higher freight rate than to leave to the mercy of the market. See below the issues between G6 and P3.
The G6 Alliance was formed in late 2011 and began operation in March 2012 in the Asia-Europe and Mediterranean trade. The cooperation expanded to the trade lanes between Asia and North America East Coast in May 2013. G6 is comprised of member carriers Hapag-Lloyd, NYK Lines, Orient Overseas Container Line. Hyundai Merchant Marine, APL and Mitsui O.S.K. Lines. In response to P3 moves, The G6 carriers announced this week that the alliance will up its coverage to 240 container ships serving 66 ports in Asia, America and Europe. Some 76 ships will be deployed across 12 services connecting 27 Asian and North America West Coast ports. Approximately another 42 ships will be deployed across five services (including two pendulum services) in the Trans-Atlantic trade lane calling at 25 ports covering the US East Coast, US West Coast, Canada, Panama, Mexico, Netherlands, the UK, France, Belgium and Germany. G6 expects to complete the expansion of services by the second quarter of 2014, pending regulatory approval, to coincide with the launch of the P3 network on the Asia-Europe, trans-Atlantic and trans-Pacific routes. The specific ports to be covered will be announced later. G6 claims that on the Asia-North America West Coast trade, each alliance member will be able to offer almost twice as many sailings compared to what they could offer separately. It's no wonder why the G6 is looking to bulk up. Estimates are that the P3 partners will command market shares of 42% on the Asia-to-Europe route, 24% in the trans-Pacific trade, and up to 42% in the trans-Atlantic trade, giving them considerable market clout. Even before this new service expansion, however, G6 members accounted for 27.1% of US containerized export trade and 28.6% of U.S. containerized import trade in the first nine months of 2013. The dynamics here continue to be very interesting, driven of course by slowing trade volumes and chronic overcapacity.
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alexsmith
Member |
22-Mar-2014 16:48
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This P3 is it good or is it bad for NOL? Any comments? Good in the sense if they cut the supply altogether hence cause a rate hike? Or Bad in the sense they can still survive in current environment as they have lower cost due to sharing agreement among these 3 Giants? |
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Lucky03
Elite |
22-Mar-2014 08:54
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Your daily insight into the shipping world
Financing is returning to shipping: Standard Chartered Nigel Anton, global head of shipping finance at Standard Chartered By Lee Hong Liang from Singapore Financing for shipping is returning following the earlier exit of several banks, especially European banks, since the post-Lehman crisis, and loans to shipowners are expected to increase beyond the $56bn seen in 2013, according to Standard Chartered Bank. Shipowners are seeing loan options being made available not just from the usual international banks, but also from regional banks, export credit agencies (ECAs) and even private equity funds, noted Nigel Anton, global head of shipping finance at Standard Chartered. ?What we have seen in the last three years is a whole range of new financial players, very much led by Chinese banks, and on their tails you see leasing companies and ECAs in particular China and South Korea coming into the market to fill the (financing) gap. There is also a growing number of regional banks especially in Singapore, Malaysia, Abu Dhabi and Qatar, that are financing the local players,? Anton said. ?And the last that we have seen over the past six to 12 months is the rise of private equity,? he pointed out. In 2007, a total of $94bn was lent to shipping. After the global financial crisis, that amount fell to just $38bn in 2010. By 2013, lending to shipping rebounded to $56bn. ?I predict that this year's amount will be even higher,? Anton said. He added that private equity was on ?no one's radar? back in 2007. Last year, shipping received about $9bn from private equity and the amount is similarly expected to increase this year. ?Financing in the shipping market is definitely back and the participation by private equity is recovering. In particularly private equity has given a boost to the ordering book in traditional shipping segments of the dry and wet markets,? he said. However, Anton cautioned that returns in the shipping market would generally take a longer period of time and it is an industry that investors cannot expect to enter and exit quickly. The efforts made by financial institutions on scrutinising owners for their credibility are more important amid the prolonged downturn of the shipping industry due mainly to the severe overhang of tonnage. Published in Americas, Asia, Europe, Middle East & Africa, Finance & Insurance © 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. Friday, 21 March 2014 04:34 |
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Lucky03
Elite |
22-Mar-2014 08:50
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US Federal Maritime Commission approves P3 alliance
By Marcus Hand from Singapore The US Federal Maritime Commission (FMC) has cleared the P3 alliance of container lines Maersk Line, CMA CGM and Mediterranean Shipping Co (MSC). The alliance of the world?s three largest container lines was approved by the FMC on Thursday with one commissioner Richard Lidinsky, dissenting. The commission said its decision is based on a determination that the agreement is not likely at this time, to cause a reduction in competition. It was also not likely to produce an unreasonable increase in transportation costs or an unreasonable reduction in transportation service. However, the alliance will be subject to new reporting requirements with the FMC noting there could be circumstances in the future that would allow the alliance to unreasonably reduce services or unreasonably raise freight rates. "The commission?s action on the P3 agreement takes into account the comprehensive, competitive analysis conducted by the FMC staff and comments received from shippers and other stakeholders,? said FMC chairman Mario Cordero. ?While the agreement is expected to produce operational efficiencies for the benefit of the US consumer, the new reporting requirements specifically tailored to this agreement?s unique authority will ensure we have timely and relevant information to act quickly should it be necessary." Published in Americas, Asia, Europe, Containers, Regulation © 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. Friday, 21 March 2014 03:59 |
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spore1
Supreme |
21-Mar-2014 07:33
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below $1.00 think is gd to consider to accumulate
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Lucky03
Elite |
21-Mar-2014 00:16
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We may see more such effort to improve the freight rates :
Transpacific container lines move rate increase forward By Marcus Hand from Singapore Container lines on the transpacific trade have moved forward a planned $300 per feu general rate increase (GRI) from Asia to the US as they seek to claw back rates that were eroded ahead of the annual contracting season on the trade. The Transpacific Stabilization Agreement (TSA) said the GRI for all cargoes and destinations was being brought forward to 15 April from 1 May in an effort to mitigate the fall in rates seen in February and early March. Lines are attempting to bring back up spot rates ahead of the annual contracting season, as these are used by shippers as a benchmark in the 12-month rate negotiations with lines. ?Competitive pressures to match the lowest short-term rate levels and lock them into 12-month service contracts across the board amounts to a significant deferred investment in the trade,? said Brain Conrad, TSA administrator TSA said that the fall in rates did not accurately represent the conditions on the transpacific trade. ?The downward rate pressures we are seeing do not reflect the steadily improving cargo picture eastbound from Asia,? Conrad explained. ?The Lunar New Year period was strong, with average vessel utilisation numbers in the 95% range while most people tend to focus only on the supply/demand imbalance, what is getting lost in the pricing discussion is service value.? Published in Americas, 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. Thursday, 20 March 2014 04:27 |
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Lucky03
Elite |
20-Mar-2014 08:04
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The positive part is that Bollinger Bands has turned upwards since it rebounded off 94 in early Mar 2024 from the downtrend since Jan 2014.
http://finance.yahoo.com/q/ta?s=N03.SI&t=1y&l=on&z=l&q=l&p=m20%2Cm50%2Cm100%2Cb&a=ss%2Cm26-12-9&c=
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Lucky03
Elite |
20-Mar-2014 08:01
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The positive TA part is that http://us.rd.yahoo.com/finance/chart/overlay/bollinger/*http://finance.yahoo.com/q/ta?s=N03.SI&t=1y&l=on&z=l&q=l&p=m20%2Cm50%2Cm100&a=ss%2Cm26-12-9&c=
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Lucky03
Elite |
20-Mar-2014 07:58
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In the meantime, watch the 20d MA and 50d MA. The former has not made the turn upwards so far to provide the support for the upwards momentum while the latter is still trending downwards and will act as a resistance that may depress the price of NOL in a few days time if NOL fails to break above it. | ||||
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