There was moderately better news for APL and Zim in the third quarter; while APL enjoyed the scale benefits that came with its new parent, CMA CGM, Zim managed to narrow its net losses by almost 50 percent.
27 Jul 2015
Singapore’s Temasek may be interested in offloading some of its underperforming companies such as NOL, but there is no pressing need for the immense state investor to do it on the cheap through a distressed sale, Drewry says.
22 Jul 2015
Hutchison Port Holdings Trust recorded a 26 percent fall in net profit in the first half as revenue remained virtually flat and container volumes at its South China terminals rose just 2 percent compared to the first six months of last year.
21 Jul 2015
The buyer of Neptune Orient Lines (NOL) will have to turn around a chronically unprofitable company with few attractive assets, is the blunt assessment of shipping analyst Alphaliner.
20 Jul 2015
A notice to the Singapore Exchange by Neptune Orient Lines stating that it had not decided to sell has hardly closed the door on the topic.
17 Jul 2015
There was plenty of “no comment” but no outright denials following reports that Singapore’s Neptune Orient Lines (NOL) was up for sale, suggesting that the carrier could very much be on the block.
14 Jul 2015
Singapore became the second Asian hub port to declare slowing container throughput in June following weak growth reported by Shanghai last week in the run up to the peak season period from July to September.
07 Jul 2015
Chinese online giant Alibaba Group will invest more than $200 million in its partnership with Singapore Post in a series of initiatives aimed at expanding its e-commerce logistics platform across Asia-Pacific.
24 Jun 2015
Singapore has opened two new phases of its $2.6 billion Pasir Panjiang Terminal, another step along a massive development road that will help the port cope with mega-ships and alliance complexities continuing to frustrate transshipment hubs in the region.
18 Jun 2015
The feasibility of a container “subway” in Singapore to carry containers from a new mega-port through underground tunnels is being studied.