Third trimester to forget for shipowning group NOL



After the parenthesis of according to trimester of this year, period that Neptune Orient Lines (NOL) has clearly archived item with useful consisting of beyond 890 million dollars produced from the cession of logistic society APL Logistics ( on 30 July 2015), in the third trimester of this year the shipowning group of Singapore has newly recorded a net loss so as happened in the six finished consecutive trimesters 31st March.

Group NOL has archived item the third trimester of the 2015 with liabilities clearly of -96 million dollars respect to a net loss of -21 million dollars in the correspondent period last year (included the effect of the cession of APL Logistics the net loss of third trimester 2014 turns out pairs to -51,5 million dollars). The revenues are piled to 1,2 billion dollars, with a decrease of the -41,4% regarding almost 2,1 billion in the third trimester last year (1,7 million with the effect of the cession of APL Logistics). Operating result (EBIT) has been of sign negative and pairs to -65 million dollars respect to an operating profit of 17 million dollars in the period July-september last year.

In the third trimester of this year the fleet of portacontainer of the group, that it represents only Core business of the NOL and that is operated with brand APL, has transported cargo volumes pairs to 577 thousand container from 40 ' (feu), with a consisting decrease of the -11% regarding 646 thousand feu in the same period of 2014. Still more important it has been the decrease of the medium revenue for container feu that it has been attested to 1.847 dollars, with a bending of the -21% on the third trimester of 2014.

"The lack of the traditional seasonal peak of the third trimester in Europe and America North - it has emphasized today the president and managing director of the group NOL, Ng Yat Chung - has determined an important erosion of the hires relatively to the main lines of traffic. We have continued to complete bonds progresses in the management of the costs. However this has been more than neutralized from the weak person ask total and from the exceptional contraction of the hires".

In the period July-september of the 2015 greater cargo volume transported from the APL fleet has been those relative to the routes intra-Asians with a total of 274 thousand teu (- 3%), services that have produced to a medium revenue/feu pairs to 1.067 dollars (- 25%). On the transpacifiche routes 9% are transported 160 thousand feu (- 17%) and are recorded a medium revenue/feu of 3.071 dollars (-). Emphasized also the decrease of the volumes transported on the Asia-Europe routes, come down of the -11% to 93 thousand feu, activity that a collapse of the revenues with a medium value has recorded/feu that it is diminished of the -35% to 1.596 dollars. On the routes with the Latin America 15% are transported 39 thousand feu (- 7%) with a medium revenue/feu of 2.644 dollars (-), while on the routes ocean-going liners 4% are transported 11 thousand feu (- 56%) with a medium revenue/feu of 2.846 dollars (-).