NOL expects $359m loss in Q1
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Neptune Orient Lines Ltd said it expects to post a net loss of US$240 million (S$359 million) in the first quarter, wider than the $149 million loss it reported in the fourth quarter of 2008. The Singapore-based shipping line expects its full-year loss 'to be significantly worse than financial analysts' current estimates,' the company said on Thursday in a statement to Singapore's stock exchange.