NOL has closed the fourth trimester of 2015 with a net loss of -75 million dollars



The company of navigation Neptune Orient Lines (NOL) of Singapore, that it is object of an offer of acquisition of the French CMA CGM who is approved of unanimously by the board of directors of the Asian company ( on 7 December 2015), it has concluded all the last trimesters of the two years recording an economic result clearly of sign negative with the exception of according to trimester of 2015 when the proceeds deriving from the cession of branch APL Logistics to the Kintetsu Japanese are joined budget Express World ( on 17 February 2015), transaction that has determined the concentration of the activity of group NOL on single Core business of the services of line operated with the fleet of about 90 portacontainer of branch APL.

Also in the last trimester of 2015, in fact, NOL has totaled a net loss that has been pairs to -75 million dollars respect to a net loss of -83 million dollars in the fourth trimester of the year precedence. In the period October-December of the 2015 revenues they have been attested to 1,28 billion dollars, with a decrease of the -42,7% that partially is produced by the effect of the sale of the logistic activities (to clearly of the such activities bending turns out of the -28%) but also from remarkable reduction -28,7% of the revenues generated from the line services, that they by now represent the only turnover of the Asian group. Core EBITDA has been pairs to 39 million dollars (- 57.6%) and Core EBIT has been of sign negative for -65 million dollars respect to Core EBIT also it of sign negative for -17 million dollars in the last trimester of 2014.

"The last trimester of 2015 - it has confirmed today the president and managing director of the NOL, Ng Yat Chung - has been particularly difficult. In the field of the container the hires have touched the historical minim in the main routes of traffic since it has been the breaking in of new ships with an increase of the ability in concomitanza with a weakening of the question of the market".

In the fourth trimester of the 2015 portacontainer of APL they have transported containerized cargo volumes pairs to 643 thousand container from 40 ' (feu), with a decrease of the -12% on the correspondent period of the year precedence. The medium hire for container feu has turned out pairs to 1.699 dollars (- 22%). On the sun broken intra-Asians 24% are transported 316 thousand feu (- 5%) with a medium hire 1.010 pairs to USD/feu (-), on transpacifiche routes 178 thousand feu (- 13%) with a medium hire of 2.809 UDS/feu (- 12%), on the routes Asia-Europe 98 thousand feu (- 16%) with a medium hire of 1.451 UDS/feu (- 36%), on those with Latin America 39 thousand feu (- 22%) with a medium hire of 2.513 UDS/feu (- 20%) and on the routes ocean-going liners 12 thousand feu (- 59%) with 2.661 a medium hire of UDS/feu (- 4%).

In the entire exercise anniversary 2015 group NOL has totaled revenues for 5.38 billion dollars, with a contraction of -37,5% on the year precedence (- 23% to clearly of the effect of the cession of the logistic activities). Core EBITDA is diminished of the -1,6% to 312 million dollars and Core EBIT has been of sign negative for -72 million dollars respect to a result negative for -76 million dollars in 2014. 2015, thanks to the proceeds of the sale of APL Logistics, have been archived item with a profit clearly of 711 million dollars respect to a net loss of -251 million dollars in 2014.

In entire the 2015 fleet of APL it has transported cargo volumes pairs almost 2,5 million feu (- 13%) and the medium hire USD/feu has turned out 1.887 pairs to (- 17%).