NOL versus Maersk: What can I say?

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Maersk Line – the world’s largest container shipping business – reported a jump in net profit to $714 million from $454 million, due largely to lower bunker fuel prices:

http://www.reuters.com/article/2015/...0Y41JZ20150513

Singapore-based container shipping firm Neptune Orient Lines Ltd said on Thursday its first-quarter net loss narrowed to USD$11 million (S$14.5 million) from $89 million a year earlier, aided by cost savings and lower fuel cost.

NOL reported revenue for the three months ended March 31 at $2 billion, down 13 per cent on the year, though it posted $30 million in core earnings before interest, taxes and non-recurring items, compared with a $65 million loss a year earlier.

http://business.asiaone.com/news/sin....HFQwt8Y4.dpuf

The performance of NOL’s CEO (scholar, SAF general, Temasek MD) tells the truth about “intelligence” PAP style: it doesn’t work in the real world, only in S’pore.

Cynical Investor

Source: Thoughts of a Cynical Investor


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[PopAlexandra]

I'd go for Maersk if I had a choice, but I've had positive experiences with Cargolution, too.