NOL versus Maersk: What can I say?

Confuseous · May 19, 2015

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/2015/05/13/maersk-results-idUSL5N0Y41JZ20150513

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/si...-savings-lower-fuel-cost#sthash.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

dancingshoes · May 19, 2015

i can only armchio.

JohnTan · May 19, 2015

If the WP or SDP was in charge, the situation at NOL would have been worse. Be grateful!

shittypore · May 19, 2015

Confuseous said:
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/2015/05/13/maersk-results-idUSL5N0Y41JZ20150513

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/si...-savings-lower-fuel-cost#sthash.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

With our Scholars at the helms nothing goes wrong, its just long term investment.

looneytan · May 19, 2015

http://www.tremeritus.com/2015/05/19/nol-versus-maersk-what-can-i-say/

laksaboy · May 20, 2015

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.

^
If you get rid of this guy I'm sure there will be further cost savings. Who knows, eventually you may break even.

See, NOL embodies the true legacy of LKY: Kwa Chong Seng (Gecko's kin) and Ng Yat Chung (SAF scholar-tard, a product of LKY's system) rolled into one shitty GLC.

Really hope the Kra Canal comes into fruition. The NOL Tower can then be converted into an adult entertainment tower. :cool:

eatshitndie · May 20, 2015

i look up ng yat chung and this chap shows up. :confused:

xpo2015 · May 20, 2015

You put generals and admirals in corporate positions say bye bye to your profits.

You are killing your generals and admirals.

frenchbriefs · May 20, 2015

This shows that singapore companies are mediocre and cannot survive against any competition with external sources,just like the PAP.if they do not have the heavens mandate and a government sanction ed monopoly,every single singapore enterprise from singtel to smrt comfort delgro to sia to mediacorp tosingapore power to dbs to hdb to erp would wither and die like nokia in the 21st century era.

frenchbriefs · May 20, 2015

This is more confirmation why singapore companies suck and depend on slavery and cheapEr Better faster to survive.they cant make a profit unless they pay their workers peanuts and stick spurs in their hides.tonychat is right this is why u stay away from retarded sinkieland,its bad for ur health.

shittypore · May 20, 2015

frenchbriefs said:
This is more confirmation why singapore companies suck and depend on slavery and cheapEr Better faster to survive.they cant make a profit unless they pay their workers peanuts and stick spurs in their hides.tonychat is right this is why u stay away from retarded sinkieland,its bad for ur health.

Sinkies still refuse to admit that the whole system is Fook. Just take the CPF ret issue at 55, you hve the answer.

looneytan · May 20, 2015

xpo2015 said:
You put generals and admirals in corporate positions say bye bye to your profits.

You are killing your generals and admirals.

This, you learnt from Jesus?

KuanTi01 · May 20, 2015

JohnTan said:
If the WP or SDP was in charge, the situation at NOL would have been worse. Be grateful!

It's a well-known fact that NOL despite all the PAP scholar-talents is under-performing! Two wrongs do not make it right anyway! :rolleyes:

Please don't even mention NOL and Maersk in the same breath!

jw5 · May 20, 2015

You can say that "Ang Mo is the bestest!". :wink:

Papsmearer · May 20, 2015

KuanTi01 said:
It's a well-known fact that NOL despite all the PAP scholar-talents is under-performing! Two wrongs do not make it right anyway!
Please don't even mention NOL and Maersk in the same breath!

Yeah, its an insult to Maersk. They were not stupid enough to buy APL.

Leckmichamarsch · May 20, 2015

NOL managed by soldiers and ex politician.......... a recipe for disaster
Lagi worse it NOL of plane load of Ah Nehs with fake degrees..........................no sympathy for this company with screwed up HR practise
The dun understand what is human capital and do not make us of it effectively and efficiently
The bleed continues until that fatso general get demoted to private ........ n the White Horse fame MOS gets janitorial job in NOL bldge

laksaboy · May 20, 2015

Leckmichamarsch said:
The bleed continues until that fatso general get demoted to private ........ n the White Horse fame MOS gets janitorial job in NOL bldge

Until you revamp the SAF scholarship system and ban its recipients from a career in politics and GLCs, the rot is going to continue.

Even if you get rid of one Ng Yat Chung, more imbeciles after him will roll out of the system.

NOL versus Maersk: What can I say?

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