atans1

NOL versus Maersk: What can I say?

In Shipping, Temasek on 15/05/2015 at 7:12 am

Maersk Line the world’s largest container shipping business reported a jump in net profit to $714 million from $454 million, due largely to lower bunker fuel prices

http://www.reuters.com/article/2015/05/13/maersk-results-idUSL5N0Y41JZ20150513

Singapore-based container shipping firm Neptune Orient Lines Ltd said on Thursday its first-quarter net loss narrowed to USD$11 million (S$14.5 million) from $89 million a year earlier, aided by cost savings and lower fuel cost.

NOL reported revenue for the three months ended March 31 at $2 billion, down 13 per cent on the year, though it posted $30 million in core earnings before interest, taxes and non-recurring items, compared with a $65 million loss a year earlier.

– See more at: http://business.asiaone.com/news/singapores-nol-q1-net-loss-narrows-cost-savings-lower-fuel-cost#sthash.HFQwt8Y4.dpuf

The performance of NOL’s CEO (scholar, SAF general, Temasek MD) tells the truth about “intelligence” PAP style: it doesn’t work in the real world, only in S’pore.

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  1. NOL’s first-quarter 2015 Financial Performance up 88%, LOL.
    http://www.marinelink.com/news/performance-financial364495.aspx

  2. […] By Cynical Investor […]

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