Neptune Orient Lines (NOL) is aiming to double the size of its profitable logistics business over the next two to three years as it core liner suffers heavy losses. While its APL liner business ran up a $467m loss in 2011, APL Logistics by contrast enjoyed a record year with a $69m profit on revenues of $1.4bn, Seatrade Asia online reports.
“We will look for opportunities to back a winner [APL Logistics]. It’s a business that provides steady growth and steady margins but unfortunately as part of our overall portfolio it’s too small right now to be able to offset any swings in the liner business,” Ng Yat Chung, president and ceo of NOL, told……. if you would like to read more of this story email info@seatrade-asia.com for a free trial.
Loading procedures for nickel ore in Indonesia must be tightened up to prevent further loss of life, according to leading shipping organisations.
Four bulk carriers destined for China after loading nickel ore in Indonesia have been lost in the last 17 months with the combined loss of 66 lives. This compares to just 16 seafarers losing their lives due to piracy across all vessel types over 2010 and 2011, according to figures from watchdog the International Maritime Bureau.
Ask for a nominal 8.72% increase over the existing tariff and get a massive 44% cut in the rate. This was the rude shock suffered by APM Terminals, one of the two private terminals in operation at Jawaharlal Nehru port (JNP) at the hands of the New Delhi based Tariff Authority for Major Ports (TAMP).
“We will look for opportunities to back a winner [APL Logistics]. It’s a business that provides steady growth and steady margins but unfortunately as part of our overall portfolio it’s too small right now to be able to offset any swings in the liner business,” Ng Yat Chung, president and ceo of NOL, told……. if you would like to read more of this story email info@seatrade-asia.com for a free trial.
Loading procedures for nickel ore in Indonesia must be tightened up to prevent further loss of life, according to leading shipping organisations.
Four bulk carriers destined for China after loading nickel ore in Indonesia have been lost in the last 17 months with the combined loss of 66 lives. This compares to just 16 seafarers losing their lives due to piracy across all vessel types over 2010 and 2011, according to figures from watchdog the International Maritime Bureau.
Ask for a nominal 8.72% increase over the existing tariff and get a massive 44% cut in the rate. This was the rude shock suffered by APM Terminals, one of the two private terminals in operation at Jawaharlal Nehru port (JNP) at the hands of the New Delhi based Tariff Authority for Major Ports (TAMP).