Independent journal on economy and transport policy
11:25 GMT+1
This page has been automatically translated by Original news
In the 2014 has emphasized the net loss of shipowning group and logistic NOL
In improvement EBITDA and EBIT of Core business. The fleet of portacontainer of the group has transported 2,8 million feu (- 4%)
February 13, 2015
In the exercise anniversary the 2014 shipowning group and logistic Neptune Orient Lines (NOL) of Singapore has recorded a net loss of -251,5 million dollars respect to a net loss of -72,0 million dollars in the exercise precedence. The revenues are diminished of the -2% attesting itself to 8,62 billion dollars. Operating result (EBIT) has been of sign negative for -92 million dollars respect to an operating profit of 20 million dollars in 2013. The group has announced today that Core EBITDA has been of 317 million dollars (+111%) and Core EBIT has been of sign negative for -76 million dollars regarding -167 million dollars in 2013.
Last year in the single segment of the containerized marine transport, in which work through branch APL, the group of Singapore it has totaled revenues for 7,04 billion dollars (- 4%), Core EBITDA of 237 million dollars (+234%) and Core EBIT of sign negative for -143 million dollars regarding -234 million dollars in 2013.
In the 2014 operated fleet of portacontainer from the APL has transported cargo volumes pairs to beyond 2,8 million container from 40 ' (feu), with a bending of the -4% regarding the year precedence. The medium revenue for feu has turned out pairs to 2.264 dollars (- 2%) and produced from a medium revenue of 3.308 dollars from the single transpacifici services (- 3%), of 2.383 dollars from the services Asia-Europe (+3%), of 3.160 dollars from the services with Latin America (- 5%), of 2.784 dollars from the services ocean-going liners (+3%) and of 1.355 dollars from the services intra-asiati us (- 2%).
Last year the group in the logistic field, in which it is present mainly through brand APL Logistics, has recorded revenues for 1,66 billion dollars (+5%), Core EBITDA of 80 million dollars (+1%) and Core EBIT of 67 million dollars (0%).
In the solo fourth trimester of the 2014 group has totaled a net loss of -85 million dollars on revenues for 2,23 billion dollars respect to a net loss of -137 million dollars on revenues for 2,33 billion dollars. The EBIT has been of sign negative for -28 million dollars respect to an operating profit of 17 million dollars in the period October-December of 2013. Core EBITDA has been of 68 million dollars respect to a result of sign negative for -18 million dollars in the fourth trimester of 2013 and Core EBIT has been of sign negative for -37 million dollars regarding -104 million dollars in the exercise precedence.
In the last trimester last year the APL fleet has transported 734 thousand container feu (- 4%) and the activity have produced a medium revenue for feu pairs to 2.179 dollars (- 2%).
"In spite of the difficult conditions, in particular on the western coast of the USA - the managing director of the NOL, Ng Yat Chung has commented - our division of marine transport of the container has diminished own operating liabilities generating an improvement of Core EBITDA that reflects the progresses completed on the front of the costs and the efficiency. Meanwhile our logistic activities have continued the increase upgrading own ability and presence in the main markets under development. Even if we record some benefit from the current trend of the reduction of the prices of the bunker - it has continued - turns out uncertain in the long term the impact of the reduction of the price of the fuel on the hires in the field container. A potential factor of risk is constituted by an increase of the congestion in the ports determined from an ulterior aggravation of the problem of the job in the ports of call of West Coast the USA".
While APL Logistics Transportation Management Services (APLL TMS), society integrally controlled from group NOL, has constituted joint venture with Californian CFR Rinkens. New society, called APLL/CFR TO Holdings and participated with 51% from APLL TMS and 49% from CFR, will take care of the rail shipment of motor vehicles in the United States, Mexico and Canada.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher