Hints and tips:
...NOL; there have been separate mergers between Japanese and Chinese groups; and South Korea’s Hanjin Shipping went bankrupt last year....
Sector shows signs of revival after deals and new sector alliances shake up market
...Authorities recently closed down the National Democratic Institute, a US-funded group active in election monitoring and grassroots political organising, and ordered radio stations carrying the Voice of America...
...In February, a pair of state-owned Chinese shipping lines merged to form China Cosco Shipping Group, now the world’s fourth-largest operator....
...China’s biggest shipping groups have also combined in a multibillion-dollar government-engineered deal....
...The two groups had combined revenues of $22bn last year and the deal will consolidate the French group’s position as the third-biggest line by capacity, with 11.5 per cent of the global market, according...
...Last year, the four big alliances dominated 95 per cent of the market, according to NOL. It belongs to the G6 group, the second largest, with 17 per cent of global capacity, according to Alphaliner....
Companies led by Maersk grapple with freight rates at record lows amid sluggish growth in global trade
...NOL revealed last weekend that Maersk and France’s CMA CGM, the world’s number one and three container shipping groups, are in talks about buying the struggling company from Temasek, its majority owner....
...“It would further reinforce CMA CGM as a global force in container shipping, leveraging the strong geographic and operational complementarity of both groups,” said the company....
...“It would further reinforce CMA CGM as a global force in container shipping, leveraging the strong geographic and operational complementarity of both groups,” the company said....
...There have been signs of increasing consolidation in the industry with France’s CMA CGM acquiring Singapore’s NOL, and the French group forming an alliance with three Asian shipping lines....
An irrational industry needs to smarten up, and soon
...Our group hiked a 24-mile course along the Canwell and Gulkana glaciers. While 24 miles may not sound like a lot, it was pretty challenging....
...According to Credit Suisse, it contributes 18 per cent of NOL’s group revenues — but that is well short of a target of 30 per cent set by its parent over three years ago....
...Shares in NOL rose 3.6 per cent in Singapore....
...It then separately values tax benefit of those losses in a few lines below in the line labeled, “Plus: PV of 0.5x 2017E NOL @10.0%”. This seems to be a standalone valuation of MMR....
...APL, a rival shipper owned by Singapore-listed NOL Group, is facing similar pressure....
...Other companies also received visits but the commission has not made clear which groups are targeted by its formal investigation....
Overcapacity and weak demand; what would you do?
...He was sent to Beijing as a special emissary of the government-in-exile after US-backed general Lon Nol ousted the ruling Prince Norodom Sihanouk in 1970....
...NOL said a cost-saving programme would save it $500m for 2012. The figures were announced after the Singapore Stock Exchange closed on Wednesday....
...Temasek in April joined with RRJ Capital, a private equity group owned by Malaysian businessman Richard Ong, to buy a stake in Kunlun Energy, a PetroChina unit....
...Nol said recent freight rates had shown “signs of improvement”....
After a brief rally, the industry’s downturn has resumed with a rash of gloomy updates
International Edition