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NOL
Zelphon
Senior
27-Feb-2014 10:55     
 
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Yells: "Hauttttttttt AHhhhhhhh !!!"
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NOL kanna attacked today..


 


Sianz...

Think I can put his into freezer liaoooo 

 
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earlybird14
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27-Feb-2014 09:48     
 
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 Alert Admin 		NOL has no cash to privatise. They only can beg Temasek to privatise it. As per current market, no company is willing to buy over NOL which lose few hundred million annually, and lose more over 1billion dollar in 3 year short time. Without Temasek as the major shareholder backing behind, NOL has become penny stock and all banks are in panic to chase the borrowing back from them. Maersk has made billion dollar in 2013, they can navigate with deteriote operation environment in 2014. NOL who still made loss in 2013, she will just report another few hundrew million of loss. All 10,000 TEU one generation behind are going to delivered in 2014. Shipyard is going to chase for the billion dollar payment. Cash in bank will be empty. Don't be over-optimise in this company. Worst is not coming yet!

Lucky03      ( Date: 27-Feb-2014 03:57) Posted:

Do not rule out the possibility of taking NOL private. After all, they did diverted F&N. the price may be around $1.12, assuming 10% above its NTA of $1.01 (US$0.80) and near its recent high. Of course, if it triggers off a bidding war like F&N, that will be more interesting :)
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earlybird14
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27-Feb-2014 09:37     
 
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 Alert Admin 		Where is the cost save of 400million, It doesn't reflect in their result at all, only in the presentation that Ng presented and entertained the shareholders. Year to year result, operationg environment and competitors performance told the fact and nothing can be hidden. Don't just blindly believe what has been presented but looked into the result performance. It is fact, the 400million saving plan is a joke and nothing is saved and may be worse!! If they performed in 2013 as 2011, NOL should breakeven in 2013!

Lucky03      ( Date: 27-Feb-2014 00:47) Posted:

Cost savings is not a joke. It is a question of survival esp when the growth is stagnant or even dropping. Time is needed for anyone new to shipping industry to pick up the trade and become damn good over a very short time. Ng being new has the advantage to force the cost cutting measures without any badgage and to remove and trim management layers and to discard old ships and ignore noises. 2 years is NOT a very long period to execute and see the yields with at least a year latency. Be real !

earlybird14      ( Date: 26-Feb-2014 21:21) Posted:

Cost saving is a joke. Just a simple compare before cost saving plan implemented, in 2011, NOL made loss of 400 million, Maesrk, MSC and CMA all reported similar loss at the same time.

Cost saving plan implemented since 2012 and 2013, NOL making loss of 400 million and 295 million. Maersk implemented similar cost saving plan and resulted break even and billion profit.

Ng cost saving plan is just a nonsense to cover his failure of management
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Lucky03
Elite
27-Feb-2014 08:44     
 
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darthiliator      ( Date: 27-Feb-2014 08:24) Posted:



Do they have the cash to take it private?
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darthiliator
Senior
27-Feb-2014 08:24     
 
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Do they have the cash to take it private?
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Lucky03
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27-Feb-2014 03:57     
 
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 Alert Admin 		Do not rule out the possibility of taking NOL private. After all, they did diverted F&N. the price may be around $1.12, assuming 10% above its NTA of $1.01 (US$0.80) and near its recent high. Of course, if it triggers off a bidding war like F&N, that will be more interesting :)
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Lucky03
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27-Feb-2014 03:45     
 
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 Alert Admin 		The news of NOL possibly on SGX Warchlist is making its rounds in major shipping news. The pressure is very strong on NOL coming forwards to share their plan to turn around in FY14 and their forward guidance. Wonder of they have any analyst briefing plan in the short term or interview on media like what the CEO did March last year. The verdict will be out next week on the watchlist.

http://www.seashipnews.com/News/Glenn-rings-in-the-changes-with-APL-restructure/3w3c1746.html

seashipnews

Glenn rings in the changes with APL restructure

Singapore: APL, the shipping unit of Singapore's NOL Group, has announced a raft of changes to its leadership structure under president, Kennth Glenn.
The new setup will move APL from a geographically-organized structure to a functional one, in the areas of trade, commercial, operations, procurement and planning & strategy.

Explaining the move, Glenn said: ?We recognize there is a need for APL to respond more quickly to the market and to our customers. We are pushing ahead with our strategy to sharpen our competitive edge through cost efficiency and organizational agility while building on our strong reputation for service quality.

?APL has significantly improved its cost position through operational efficiencies, as well as the continuing introduction of large fuel-efficient ships and the return of expensive chartered tonnage. We want to now take our speed of decision-making, market responsiveness and cost management to the next level by adopting a function-led management approach.?

The new team will be in place from February and includes Peter Jongepier in the role of chief commercial officer, Calvin Leong as chief trade officer and Nathaniel Seeds in the role of chief operations officer. [09/01/14]
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enjoylife77
Veteran
27-Feb-2014 01:29     
 
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Go read yesterday's Business Times,
ASIA PACIFIC MARITIME 2014
Still boxed in by excess supply
Main lines' gigantism continues to depress freight rates in general, say industry players, but geared feeder vessels below 3,000 TEUs will remain in high demand and see increasing rates. MALMINDERJIT SINGH reports
print  |email this article


BT 20140226 MSAPM26HSF5 973938


Mismatch: While larger vessels could be beneficial in the long run, it can only help if there is sufficient demand to meet the expanded capacity. -  PHOTO: AFP




THE container shipping industry may continue to suffer this year due to an oversupply problem which will be exacerbated by large vessel orders.

Industry players The Business Times spoke to were less optimistic about the prospects of the industry and attributed this to overcapacity created by the larger liners.

" In my opinion the container industry as a whole will continue to suffer in 2014 as (freight) rate levels will remain at present levels throughout 2014 in most market segments," said Thomas Kriwat, CEO of Mercantile Shipping Company.

He suggested that the downward pressure on freight rates is caused by larger shipping companies ordering bigger vessels to pursue their own cost efficiencies, which in turn created more volume in the industry.


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Lucky03
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27-Feb-2014 00:47     
 
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 Alert Admin 		Cost savings is not a joke. It is a question of survival esp when the growth is stagnant or even dropping. Time is needed for anyone new to shipping industry to pick up the trade and become damn good over a very short time. Ng being new has the advantage to force the cost cutting measures without any badgage and to remove and trim management layers and to discard old ships and ignore noises. 2 years is NOT a very long period to execute and see the yields with at least a year latency. Be real !

earlybird14      ( Date: 26-Feb-2014 21:21) Posted:

Cost saving is a joke. Just a simple compare before cost saving plan implemented, in 2011, NOL made loss of 400 million, Maesrk, MSC and CMA all reported similar loss at the same time.

Cost saving plan implemented since 2012 and 2013, NOL making loss of 400 million and 295 million. Maersk implemented similar cost saving plan and resulted break even and billion profit.

Ng cost saving plan is just a nonsense to cover his failure of management.

Lucky03      ( Date: 26-Feb-2014 19:45) Posted:

We all know the fact is that NOL will have lost that much more over the last 2 years if without realizing these savings. The savings are cumulative which means savings will increased as the measures are being carried out and expanded yoy. So, the savings in FY14 should be more compared to FY13.
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earlybird14
Supreme
26-Feb-2014 21:21     
 
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 Alert Admin 		Cost saving is a joke. Just a simple compare before cost saving plan implemented, in 2011, NOL made loss of 400 million, Maesrk, MSC and CMA all reported similar loss at the same time.

Cost saving plan implemented since 2012 and 2013, NOL making loss of 400 million and 295 million. Maersk implemented similar cost saving plan and resulted break even and billion profit.

Ng cost saving plan is just a nonsense to cover his failure of management.

Lucky03      ( Date: 26-Feb-2014 19:45) Posted:

We all know the fact is that NOL will have lost that much more over the last 2 years if without realizing these savings. The savings are cumulative which means savings will increased as the measures are being carried out and expanded yoy. So, the savings in FY14 should be more compared to FY13.

pseudo      ( Date: 26-Feb-2014 19:31) Posted:

1B saved in 2yrs? Where is it? Does not translate to bottom line improvement... so whats the point? I dont see it.
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earlybird14
Supreme
26-Feb-2014 21:15     
 
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 Alert Admin 		Maersk started to deploy 10,000 to 13,000 TEU since 2007. MSC and CMA followed Maersk to deploy since 2008 and 2009.

When NOL started to receive their 10,000TEU since 2012 and 2013, Maersk started to received their tripple E 18,000 TEU.

NOL is left behind 1 cycle by top 3. NOL is operating structural failure. 1 dollar support is broken, china is slow down, no positive news at all, fear of right issue for vessel payment are urgent to solve.

1 way down.

sgng123      ( Date: 26-Feb-2014 18:04) Posted:

Check 2013 financial result, there is only like 7 charters returned this year so very little cost saving as new ships are not deployed. basically in 2013 only like 8% drop in operating cost YoY, the cost saving from new ships do not immediately result in cost saving, gona wait like 6-9 months to see effect plus u need to retired the existing charters before u can even deployed the new ships. New ships delivered do not meant immediately the cost would go down, u need to deployed them and wait like 3 months to see the result so usually it take like 6-9 months to deployed them as new ships are usually delivered a few months in advance and u need to do system testing/crew training etc. It not so simple, new ship delivered then immediately deployment got a lot of preparation work to do, don be naïve.  10 X10000 TEU new builds that was delivered in 2011/2012 need to wait like  1 year before they can be deployed in 2H12 until those charters are retired. So the new builds delivered in 2013  cost saving  only realised most likely in 2Q14/3Q14. Before u can even start comparing NOL with other top shipping lines need to do more homework and check out the fact. Losing money is painful but pls don vent on forum. 

earlybird14      ( Date: 26-Feb-2014 13:30) Posted:



As mentioned, NOL is operating structural failure and left behind few streets. When they  are fullfilling  the cost saving in this round, Maersk, MSC and CMA are moving to next round, NOL will never catch up.

Maersk Line  9M revenue, 19Billion USD, 9M net profit, 1.197Billion, Net profit Margin   6.3%

NOL Line 9M revenue, 8.8Billion USD, 9M net profit, -156Million (excluding one time gain from headquarter sales), Net profit Margin -1.78%

Just 4th Q alone, NOL made loss of -135Million. The new container vessels has started slowly to replace the chartered vessels  since early  2013. This should show improvement in 4th Q but it doesn't but go worse. You still try to convience yourself the other 20 chartered retire contract are going to contribute positively in 2014.

NOL has sold the headquarter to raise the money to cover their loss. Here has shown that Temasek didn't want to support the right issue and requested NOL to raise cash from selling headquarter. Currently, NOL has nothing value asset left but only left vessels which are heavily debt and cannot be turned into cash.

The only thing they can do next is to issue right to raise money for the next round of loss. Just save more money to buy the right coming soon if you still think NOL is worth for investment
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Lucky03
Elite
26-Feb-2014 19:45     
 
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 Alert Admin 		We all know the fact is that NOL will have lost that much more over the last 2 years if without realizing these savings. The savings are cumulative which means savings will increased as the measures are being carried out and expanded yoy. So, the savings in FY14 should be more compared to FY13.

pseudo      ( Date: 26-Feb-2014 19:31) Posted:

1B saved in 2yrs? Where is it? Does not translate to bottom line improvement... so whats the point? I dont see it.
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pseudo
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26-Feb-2014 19:31     
 
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 Alert Admin 		1B saved in 2yrs? Where is it? Does not translate to bottom line improvement... so whats the point? I dont see it.
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Lucky03
Elite
26-Feb-2014 19:24     
 
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 Alert Admin 		The review of the watch list is carried out beginning of each quarter and next is Mar 1. Don't think NOL will like to see itself being placed on the watch list so it may issue something mildly positive and reassure SGX of its plan to turnaround next FY.
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Lucky03
Elite
26-Feb-2014 19:10     
 
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 Alert Admin 		StealthGas is international transportation company specialised in the transportation of various petroleum and petrochemical gas products in liquefied form. Perhaps NOL needs to e specialised and focus.


Billionaire Dell buys into shipping with StealthGas investment


By Charlie Bartlett
from London

Michael Dell, founder and ceo of PC manufacturer Dell Corporation, has bought a 9.8% stake in StealthGas, now worth $35.47m.

Dell owns the share through his investment fund MSD Capital, which also sports investments in areas such as real estate and private equity. MSD now controls 3,494,636 StealthGas shares following its $33m investment earlier this month. With the buy, Dell joins the wealthiest shipping investors, with a $15.3bn fortune, slightly behind Scorpio Bulkers investor George Soros, at $19.2bn.

"We are extremely excited and proud that one of the United States' major billionaires is investing with us," Vafias said.

Published in Europe, Finance & Insurance, Ship Operations, Tankers

© 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.
Wednesday, 26 February 2014
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mgrow2013
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26-Feb-2014 18:49     
 
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 Alert Admin 		Their previous posting are non-listed. Hence easier to manage. In reality, P/L matters alot. Too much war centre play didn't help/prepare them for their current role, definitely.

ascend88      ( Date: 26-Feb-2014 14:45) Posted:



2 ex-general .....1 in ship....1 in train......

see which one will come out tops....in time for 2016 ?

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sgng123
Supreme
26-Feb-2014 18:04     
 
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 Alert Admin 		Check 2013 financial result, there is only like 7 charters returned this year so very little cost saving as new ships are not deployed. basically in 2013 only like 8% drop in operating cost YoY, the cost saving from new ships do not immediately result in cost saving, gona wait like 6-9 months to see effect plus u need to retired the existing charters before u can even deployed the new ships. New ships delivered do not meant immediately the cost would go down, u need to deployed them and wait like 3 months to see the result so usually it take like 6-9 months to deployed them as new ships are usually delivered a few months in advance and u need to do system testing/crew training etc. It not so simple, new ship delivered then immediately deployment got a lot of preparation work to do, don be naïve.  10 X10000 TEU new builds that was delivered in 2011/2012 need to wait like  1 year before they can be deployed in 2H12 until those charters are retired. So the new builds delivered in 2013  cost saving  only realised most likely in 2Q14/3Q14. Before u can even start comparing NOL with other top shipping lines need to do more homework and check out the fact. Losing money is painful but pls don vent on forum. 

earlybird14      ( Date: 26-Feb-2014 13:30) Posted:



As mentioned, NOL is operating structural failure and left behind few streets. When they  are fullfilling  the cost saving in this round, Maersk, MSC and CMA are moving to next round, NOL will never catch up.

Maersk Line  9M revenue, 19Billion USD, 9M net profit, 1.197Billion, Net profit Margin   6.3%

NOL Line 9M revenue, 8.8Billion USD, 9M net profit, -156Million (excluding one time gain from headquarter sales), Net profit Margin -1.78%

Just 4th Q alone, NOL made loss of -135Million. The new container vessels has started slowly to replace the chartered vessels  since early  2013. This should show improvement in 4th Q but it doesn't but go worse. You still try to convience yourself the other 20 chartered retire contract are going to contribute positively in 2014.

NOL has sold the headquarter to raise the money to cover their loss. Here has shown that Temasek didn't want to support the right issue and requested NOL to raise cash from selling headquarter. Currently, NOL has nothing value asset left but only left vessels which are heavily debt and cannot be turned into cash.

The only thing they can do next is to issue right to raise money for the next round of loss. Just save more money to buy the right coming soon if you still think NOL is worth for investment.

sgng123      ( Date: 26-Feb-2014 12:49) Posted:



20 chartered would be retired this year = more cost saving this year. Make ur review after this then would be a better comparision with the top containers lines. Maersk, MSC and CMA all made profit cos they did fleet renewal earlier than NOL at least 1 year in advance, they make losses too in 2012 but they completed their cost saving plan in 2013 so returned to black. For now don touch ship and wait for news
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earlybird14
Supreme
26-Feb-2014 17:50     
 
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Temasek can just privatise NOL, decomposite the subsidiary and sell it away to the interested party. It may be the only solution. NOL has been lose making for 3 year straight, Is it still complying with SGX listing rules?

sgng123      ( Date: 26-Feb-2014 17:27) Posted:

Temasek in 2010 just invested US$4B which is more than the share value of ship lol. The government more interested to know if ship would return to profit this year. Anyway lot of rumours flying in forum and market, hold fast and wait for dust to settle. Every day I see retail investors give up and lose thousand of dollars while bank/brokerage houses keep on accumulating putting a limit on the downward share movement. The one who can hold out to the end and believe in the growth strategy would either win big or lose all. Lot of small investors giving up today as seen from volume....
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banana
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26-Feb-2014 17:42     
 
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 Alert Admin 		Steady steady lol

banana      ( Date: 11-Feb-2014 18:27) Posted:

No news is good news. Technically it's on sideways and keeping it's indicators low to preempt a tsunami at a similar period
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sgng123
Supreme
26-Feb-2014 17:27     
 
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 Alert Admin 		Temasek in 2010 just invested US$4B which is more than the share value of ship lol. The government more interested to know if ship would return to profit this year. Anyway lot of rumours flying in forum and market, hold fast and wait for dust to settle. Every day I see retail investors give up and lose thousand of dollars while bank/brokerage houses keep on accumulating putting a limit on the downward share movement. The one who can hold out to the end and believe in the growth strategy would either win big or lose all. Lot of small investors giving up today as seen from volume....
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