Neptune Orient Lines

[behappyalways]

(Temasek going to lose money....)

Temasek increased its stake in NOL from 30% to 68.6% at $2.80/share back in 2004, when Singapore was still building up the nation as a shipping and trading hub.

Temasek on the lookout for buyers for loss-making NOL
http://sbr.com.sg/shipping-marine/news/ ... making-nol

[behappyalways]

How much is unprofitable Neptune Orient Lines worth?
http://sbr.com.sg/shipping-marine/news/ ... ines-worth

[behappyalways]

The inside story on how loss-making NOL finally managed to book a profit in Q2
http://sbr.com.sg/shipping-marine/news/ ... ofit-in-q2

[behappyalways]

Analysts: Modern Fleet Makes Singapore's NOL a Bargain at $2 Billion
http://shipandbunker.com/news/apac/3109 ... -2-billion

[behappyalways]

NOL keeps sailing despite tougher times ahead
http://sbr.com.sg/shipping-marine/news/ ... imes-ahead

[behappyalways]

(No turnaround on sight......See page 9 on shipping rates..)

Not vested


Traditional peak season in Europe and North America did not materialise in Q3 2015. This led to severe deterioration in freight rates and volume. Freight rates are expected to remain under pressure due to persistent overcapacity and weak trade growth. The Group will continue its focus on cost efficiency, as well as yield and network capacity management.

3Q2015
http://infopub.sgx.com/FileOpen/NOL%203 ... eID=375827

[behappyalways]

"Huge Contraction in Freight Rates" Pulls NOL Back into the Red
http://shipandbunker.com/news/world/187 ... to-the-red

[behappyalways]

General Announcement::Announcement
http://infopub.sgx.com/Apps?A=COW_CorpA ... 238664b098

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Singapore’s Neptune in talks with Maersk, French shipper over sale of firm
http://www.themalaysianinsider.com/busi ... cquisition

[behappyalways]

(I also feel that NOL should not be sold. Singapore is still an island where shipping still provides the lifeline of the nation. Temasek should do a hard look on the company and change the management)


Similarly, Singapore will want to ensure that the island's container port, operated by Temasek-owned PSA International, doesn't get bypassed by Neptune's new owner.

Temasek Needs Skin in Shipping If Neptune Is Sold
http://www.bloombergview.com/articles/2 ... ne-is-sold