shipowning group NOL has closed the first trimester with a net loss of -105 million dollars



The shipowning group Neptune Orient Lines (NOL) of Singapore has concluded the first trimester of this year with a net loss of -105 million dollars respect to a net loss of -11 million dollars in the first three months of 2015, period this last one that still includes the results of the APL Logistics, branch of which on May 29, 2015 NOL it has completed the cession to the Kinetsu Japanese Express World ( on 17 February 2015). The revenues have recorded a decrease of the -43% attesting to 1,14 billion dollars (the bending turn out of the -28% excluding the results of APL Logistics). The operating result (Core EBIT) has been of sign negative for -84 million dollars respect to an operating profit of 30 million dollars in the first trimester last year.

In the first three months of the 2016 fleet of portacontainer of the Asian group it has transported cargo volumes pairs to 624 thousand container from 40 ' (feu), with a decrease of the -6% on the same period last year. The medium revenue for container feu has turned out pairs to 1.594 dollars, inferior of the -23% regarding 2.063 dollars in the first trimester of 2015. The average cost for feu is diminished of the -16% coming down to 1.816 dollars. NOL has explained that this cost reduction is determined by savings for 60 million dollars realized in the first three months of this year from branch APL, that manages the fleet of ships of the group, and from the effect of the decrease of the cost of the bunker.

In the first trimester of this year the fleet of the APL has transported on the sun broken transpacifiche volumes pairs to 173 thousand teu (- 4%) for a relative medium revenue for feu pairs to 2.629 dollars (- 17%). On the Asia-Europe routes 37% are transported 103 thousand feu (- 8%) with a revenue/feu of 1.333 dollars (-). The marine services with the Latin America have transported 38 thousand feu (- 14%) with a revenue/feu of 2.417 dollars (- 21%), the services ocean-going liners have transported 11 thousand feu (- 21%) with revenue/feu of 2.320 dollars (- 15%) and the services intra-asiati have totaled us cargos pairs to 299 thousand feu (- 6%) with revenue/feu of 952 dollars (- 25%).

We remember that group NOL has in course a project of fusion with the French shipowning group CMA CGM, plan that in recent days is approved of by the EU commission ( on 29 April 2016).