Neptune Orient Lines (NOL)

Updates on NOL

Westports potential beneficiary of NOL takeover?
Nov 16, 2015 - http://www.theedgemarkets.com/my/article...l-takeover

No Oil Left... sigh...

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

(22-11-2015, 03:24 PM)greengiraffe Wrote: No Oil Left... sigh...

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

Its for survival and hihgly unlikely that a generous offer will come about... 

Separately, CMA said in a statement yesterday that should these discussions lead to an agreement, a combination of the two companies would contribute to the consolidation of the container shipping industry at a time when scale is more critical than ever.

"It would further reinforce CMA CGM as a global force in container shipping, leveraging the strong geographic and operational complementarity of both groups," it said.

Maersk declined to comment when asked yesterday if it is still in the running to take over NOL, or on talk it had made an offer to buy NOL for about US$2 billion (S$2.8 billion).

Market participants say the acquisition of NOL, which is valued at about $2.9 billion based on Friday's closing share price, is seen as a positive for the beleaguered shipping firm, which posted a wider net loss of US$96 million in the third quarter, and recently spun off its logistics business for US$1.2 billion to raise capital amid a protracted slump in the shipping industry.

Don't know many people will be ask to go? It is a sad situation for long serving employee, the downfall of the company was largely due to poor management over many years.

(23-11-2015, 08:09 AM)CCUV Wrote: Don't know many people will be ask to go? It is a sad situation for long serving employee, the downfall of the company was largely due to poor management over many years.

strong statement there,
plenty of Singapore Scholar Generals on the BOD too!

How about the container shipping business? looks cut-throat to me!

*not vested*

(23-11-2015, 09:35 AM)brattzz Wrote:

(23-11-2015, 08:09 AM)CCUV Wrote: Don't know many people will be ask to go? It is a sad situation for long serving employee, the downfall of the company was largely due to poor management over many years.

strong statement there,
plenty of Singapore Scholar Generals on the BOD too!

How about the container shipping business? looks cut-throat to me!

*not vested*

It was well documented

1.) Bought APL, after that 2000 recession came, suffer big losses

2.) Sold eagle tankers to msc in 2003 at rock bottom cycle, after that oil tanker rates shot through the roof for many years

3.) Try buying hapag Lloyd from TUI at peak in 2008, nearly got caught again by down cycle. Very lucky the purchase was pull last min, just before gfc

4.) Order billions worth of super containers where rates are dropping

5.) Sold NOL building, family last silver

6.) Sold the only profitable business APL.

7.) Now trying to sell itself(I got a strange feeling, the shipping cycle might have hit the very bottom, since nol considering selling itself)

(23-11-2015, 10:08 AM)CCUV Wrote:

(23-11-2015, 09:35 AM)brattzz Wrote:

(23-11-2015, 08:09 AM)CCUV Wrote: Don't know many people will be ask to go? It is a sad situation for long serving employee, the downfall of the company was largely due to poor management over many years.

strong statement there,
plenty of Singapore Scholar Generals on the BOD too!

How about the container shipping business? looks cut-throat to me!

*not vested*

It was well documented

1.) Bought APL, after that 2000 recession came, suffer big losses

2.) Sold eagle tankers to msc in 2003 at rock bottom cycle, after that oil tanker rates shot through the roof for many years

3.) Try buying hapag Lloyd from TUI at peak in 2008, nearly got caught again by down cycle. Very lucky the purchase was pull last min, just before gfc

4.) Order billions worth of super containers where rates are dropping

5.) Sold NOL building, family last silver

6.) Sold the only profitable business APL.

7.) Now trying to sell itself(I got a strange feeling, the shipping cycle might have hit the very bottom, since nol considering selling itself)

Too good to be true... if indeed there is a real deal, there is no need to have all these patterns... NOL would have been halted with concrete details

The M&A is to ensure survival and the rationalisation of the ind... its not about buying out at the peak of the cycle... maybe some vested interests trying to offload into the mkt... Caveat Emptor...

guys, updates on NOL!
23 Nov - NOL jumps on exclusive acquisition talks with France's CMA CGM
http://www.theedgemarkets.com/sg/article...es-cma-cgm

Nol is definitely a stock to watch out for.
Updates on NOL!
23 Nov 2015 - NOL jumps on exclusive acquisition talks with France's CMA CGM
http://www.theedgemarkets.com/sg/article...es-cma-cgm

Playing the potential sale of NOL must be an extremely careful act as the industry is undergoing a long uncertain winter… NOL last reported book value of US$0.97… question is how much more write off can a suitor factor in?

Maersk Line idling one of its largest vessels

World's top shipping container firm expects supply-demand imbalance to rock industry
Jacqueline Woo
The world's No. 1 container shipping firm has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits.
Maersk Line's "Morten Maersk" Triple E mega-ship - among the largest globally with a capacity of 18,000 standard containers - plys the Asia to North Europe route, calling at Singapore along the way.
The ship has been idle in the East China Sea off Shanghai since mid- October, owing to the Chinese Golden Week holiday, said the Copenhagen-based company. But it is expected to resume service in Busan, South Korea, next month.
Chief operating officer Soren Toft told a briefing yesterday that Maersk Line expects its deployed capacity to remain "more or less flat" through next year, amid tepid market conditions.
He noted the company's average freight rates have fallen 1.9 per cent each year since 2004, and said this "slow erosion" in rates will likely continue due to the severe imbalance in global supply and demand. "We're taking the starting point that there will still be tough competition," he said.
Mr Toft acknowledged the industry is "in need of consolidation - to the extent that if it makes sense for us to participate, we will do so".
But he declined to comment on whether AP Moeller-Maersk, Maersk Line's parent company, has indeed dropped out of talks with Singapore's Neptune Orient Lines (NOL) over a potential acquisition.