Weak freight rates drag NOL to deep loss

Weak freight rates drag NOL to deep loss

“The difficult market condition is prompting consolidation and changes in alliances in the industry. While APL continues to make progress in taking out costs and improving yield, the proposed acquisition of APL by CMA CGM will help APL achieve scale to stay competitive in the industry,” NOL Group President and CEO Ng Yat Chung said.

Please log in below to view the rest of this page. If you do not have an account, please register or subscribe below for access.