In the first quarter of this year, the liabilities of the shipping group Neptune Orient Lines and logistics (NOL) of Singapore has fallen over the same period of 2010. However, the economic performance of early 2011 are in sharp decline compared with those recorded in the last nine months of last year.
NOL ended the period January to March of 2011 with a net loss of $ 10 million on revenues of 2.443 billion dollars compared to a net loss of $ 98 million on revenues of 2.098 billion dollars in the first three months of last year . Operating income (core EBIT) was positive $ 13 million compared to a loss of $ 74 million in the first quarter of 2010.
In the first three months of this year, the group's container fleet, operated by a subsidiary APL, he delivered a load of 764,000 volumes of 40 'containers, an increase of 9% over the first quarter of 2010.
"Despite the volume growth compared to last year - said today the president and CEO of NOL, Ron Widdows - the period of the new lunar year more sluggish than expected and the rising costs of fuel have stopped our momentum."
In one area of the liner, APL has closed the first quarter of this year with revenues of $ 2.1 billion (+15%) and a core EBIT loss of $ 8 million compared to a loss of 89 million dollars in the first three months of 2010. In the first quarter of 2011, the shipping company noted a 28% increase in the cost of fuel per ton.
Revenues generated by the logistics of the group in Singapore in the first quarter of this year amounted to U.S. $ 368 million (+24%) and EBIT in the core sector was $ 21 million (+40%).
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In the first quarter of this year, the liabilities of the shipping group Neptune Orient Lines and logistics (NOL) of Singapore has fallen over the same period of 2010. However, the economic performance of early 2011 are in sharp decline compared with those recorded in the last nine months of last year. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
