atans1

HoHoHO got this right

In Shipping, Temasek on 10/02/2017 at 5:39 am

Selling NOL to the French Swiss shipping group Mediterranean Shipping

The gorilla in shipping had a bad time. Remember it had been making money while a scholar, and ex-Temasek MD and SAF general ran NOL aground.

Maersk Line slipped to a loss of US$376m from a profit of US$1.3bn a year earlier due to record low freight rates. It expected improve its result by US$1bn while global container trade should increase by 2-4%. This is well below the double-digit increases before the financial crisis.

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