Independent journal on economy and transport policy
11:32 GMT+1
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group NOL records a net loss for the fourth consecutive trimester
the period July-september has been archived item with liabilities of -21 million dollars
October 31, 2014
In the third trimester of this year the shipowning group and logistic Neptune Orient Lines (NOL) of Singapore has recorded a net loss of -21 million dollars respect to a profit clearly of 21 million dollars in the period July-september of 2013. The revenues have remained stable to 2,06 billion dollars. EBIT and Cores EBIT are diminished respective of the -15% and the -4% regarding the third trimester last year.
In the third trimester of the 2014 fleet of portacontainer of the group, that he is operated by branch APL, he has transported cargo volumes pairs to 646 thousand container from 40 ' (feu), down of 3% on the correspondent period last year, and the medium hire for feu has turned out pairs to 2.343 dollars (- 1%). On the transpacifiche routes 3% are transported 192 thousand feu (- 4%) with medium hire of 3.393 dollars (-), on the routes Asia-Europe 105 thousand feu (+5%) with medium hire of 2.444 dollars (+1%), on the routes for Latin America 42 thousand feu (- 11%) with medium hire of 3.120 dollars (- 3%), on the routes ocean-going liners 25 thousand feu (- 36%) with medium hire of 2.974 dollars (+6%) and on the routes intra-Asians 282 thousand feu (0%) with medium hire of +5%.
In the first nine months of 2014 group NOL January-september has totaled a net loss of -168 million dollars on revenues for 6,39 billion dollars respect to a profit clearly of 64 million dollars on revenues for 6,50 billion dollars in the period last year. EBIT and Cores EBIT have been of sign negative respective for -64 million and -59 million dollars, while the EBIT of the first nine months of 2013 has been of positive sign for 113 million dollars and Core EBIT of sign negative for -85 million dollars.
In the first nine months of this year the APL fleet has transported containerized cargos pairs almost 2,1 million feu (- 2%) recording a medium hire of 2.294 dollars (- 3%).
"We continue - the managing director of the NOL, Ng Yat Chung has commented - to place our attention on the increase of the operating efficiency. However our activity of line has had to tackle to difficult operating conditions in the second and third trimester because of a serious congestion in the ports of California southern and this has had effects negatives on our economic results".
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In the third trimester of this year the shipowning group and logistic Neptune Orient Lines (NOL) of Singapore has recorded a net loss of -21 million dollars respect to a profit clearly of 21 million dollars in the period July-september of 2013. The revenues have remained stable to 2,06 billion dollars. EBIT and Cores EBIT are diminished respective of the -15% and the -4% regarding the third trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
