The savings to be gained from a container line getting more miles to the gallon are immense, as Singapore's NOL Group can attest with $1.2 billion in cuts, and half of that came from bunker and network savings at its APL liner division.
20 Aug 2014
Neptune Orient Lines said Wednesday media reports that it plans to sell its logistics business, APL Logistics, for up to $900 million are "preliminary and exploratory in nature.”
05 Mar 2014
NOL Group will return to profit this year by concentrating on its core Transpacific business and reaping the benefits of its sizeable port holdings, according to one equity analyst firm.
20 Feb 2014
NOL Group posted a fourth quarter loss of $137 million, which was $46 million bigger than the $91 million loss in the same period last year, as revenue from its container shipping business was hit by overcapacity and falling freight rates.
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
30 Oct 2013
NOL Group’s extensive cost-cutting paid off in the third quarter as the Singapore-based shipping line posted a net profit of $20 million even as its revenue declined.
09 Aug 2013
Neptune Orient Lines Group reported a net loss of $35 million in the second quarter of 2013, compared with a net loss of $118 million in the second quarter of 2012.
04 Jun 2013
NOL Group has appointed Tom Behrens-Sørensen to its board of directors.
14 May 2013
Neptune Orient Lines Group today reported profit in the first quarter of 2013 was $76 million, improving from a net loss of $254 million in the first quarter of 2012.
25 Mar 2013
The NOL Group has unveiled its new 14,000 20-foot-equivalent unit APL Temasek container ship at the PSA Pasir Panjang Terminal in Singapore.
22 Feb 2013
Neptune Orient Lines today reported a net loss of $98 million in the fourth quarter of 2012, improving 69 percent from a net loss of $320 million in the fourth quarter of 2011.
20 Nov 2012
APL Logistics is moving aggressively to expand its global capabilities with the acquisition of Carmichael International S
20 Nov 2012
APL Logistics, the supply chain management unit of Singapore’s NOL Group, has acquired Carmichael International Service,
25 Oct 2012
Singapore-based Neptune Orient Lines Group today reported profit in the third quarter was $50 million, up $141 million from the $91 million net loss posted in the same quarter last year.
17 Oct 2012
NOL Group President and CEO Ng Yat Chung doesn’t expect a rate war on the Asia-Europe trade lane, largely because carrier alliances are removing capacity and carriers realize “increased competition in a shrinking market isn’t a recipe for prosperity.”
08 Aug 2012
09 May 2012
Singapore-based NOL Group reported a $254 million first quarter loss despite cost-cutting and rate increases in March, and said high fuel costs and excess capacity will continue to challenge container
03 Dec 2011
Neptune Orient Lines is back in talks with Hapag-Lloyd about a possible purchase of the German container ship operator, according to a published report in Germany.
15 Nov 2011
APL’s container volume grew 5 percent in October from September, while average revenue per container fell for the second straight month as ocean spot rates were squeezed by overcapacity and weak
08 Nov 2011
Retired NOL Group President and CEO Ron Widdows, decrying the steep rate-cutting that is crippling the shipping industry’s financial health, said he expects container lines to idle a large swath
25 Apr 2011
Ron Widdows, a prominent leader of the global container industry, will retire as group president and chief executive officer of Neptune Orient Lines, NOL Group announced Monday.
19 Apr 2011
Maritime piracy costs the global shipping industry anywhere from $3.5 billion to upwards of $8 billion a year, according to Ron Widdows, group president of Neptune Orient Lines and chairman of the Wor
12 Apr 2011
The NOL Group is extending its low-sulfur emissions program to the Port of Singapore, where it is based.
04 Mar 2011
Prevailing forecasts of vessel overcapacity this year are wrong, says the chairman and CEO of Neptune Orient Lines, which owns APL.
16 Feb 2011
APL’s parent company reported fourth quarter net earnings of $177 million, reversing last year’s losses and pushing 2010 net profit to $461 million, but warned of “uncertain” market conditions.
31 Jan 2011
Neptune Orient Lines said Monday container volume for its APL subsidiary grew 24 percent in 2010 over the previous year on an average gain of 22 percent on revenue per container.
06 Dec 2010
APL’s average revenue per container fell 4.1 percent from the month before in the container line’s November reporting period, the third straight month-to-month slide in pricing despite the carrier’s s
19 Oct 2010
The parent company of container ship line APL reported third-quarter net profit of $282 million, a turnaround from a $139 million loss a year earlier, as revenue jumped 55 percent to $2.4 billion.
01 Oct 2010
Ron Widdows, group president and chief executive officer of NOL, and Jon Hemingway, chief executive officer and president of SSA Marine/Carrix, received the 2010 West Coast Connie Awards at a dinner T
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