Prime mover will survive. After ship to PTP they will use Malaysia trailer cheaper to hire Malaysia and can pump Malaysia diesel.
Now can see nearly 30% crane stand still or up position.
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NOL puts up own building for sale
- Thread starter Confuseous
- Start date
Prime mover will survive. After ship to PTP they will use Malaysia trailer cheaper to hire Malaysia and can pump Malaysia diesel.
Now can see nearly 30% crane stand still or up position.
Re: NOL sells building, layoff 400 staff
Back then they just wanted a quick way to buy into the Asia-US route as trade between china and US was growing. However the company suffered from an ageing fleet and at the height of the shipping boom, it was almost impossible to get a new building within 2-3 years due to strong bookings. To expand their fleet and muscle into the Asia-Europe market they tried to buy Hapag-Lloyd but of course we knew how that went. PIL was smarter, they diversified into logistics business instead of simply shipping, but then the terminal/logistics business was already chopped by PSA International, hence they had no choice but to concentrate on the shipping business. However unlike PIL or Maersk, very few innovations came about and they simply just try to go along with the flow
Back then they just wanted a quick way to buy into the Asia-US route as trade between china and US was growing. However the company suffered from an ageing fleet and at the height of the shipping boom, it was almost impossible to get a new building within 2-3 years due to strong bookings. To expand their fleet and muscle into the Asia-Europe market they tried to buy Hapag-Lloyd but of course we knew how that went. PIL was smarter, they diversified into logistics business instead of simply shipping, but then the terminal/logistics business was already chopped by PSA International, hence they had no choice but to concentrate on the shipping business. However unlike PIL or Maersk, very few innovations came about and they simply just try to go along with the flow
Re: NOL sells building, layoff 400 staff
NYK. NYK Logistics Asia Pte Ltd.
OOCL. OOCL Logistics Singapore Pte Ltd.
MOL. MOL Logistics Singapore Pte Ltd.
Maersk. Maersk Logistics Singapore Pte Ltd and her sister co. MCC Transport.
yup these carriers too...
NYK. NYK Logistics Asia Pte Ltd.
OOCL. OOCL Logistics Singapore Pte Ltd.
MOL. MOL Logistics Singapore Pte Ltd.
Maersk. Maersk Logistics Singapore Pte Ltd and her sister co. MCC Transport.
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Charge per head to gov. Eg. $2k/head/month.
Ang Moh country do so they outsource to private.
Re: NOL sells building, layoff 400 staff
Out of these companies, if ind the japanese being trailblazers to innovate and invest in many small companies to compete for the different sectors of shipping - Agency, dry bulk, tanker, freight forwarding, terminals since it is not likely that the entire spectrum of shipping will be affected as a whole. The only thing they have not been touching i would think is Offshore Marine at the moment?
Out of these companies, if ind the japanese being trailblazers to innovate and invest in many small companies to compete for the different sectors of shipping - Agency, dry bulk, tanker, freight forwarding, terminals since it is not likely that the entire spectrum of shipping will be affected as a whole. The only thing they have not been touching i would think is Offshore Marine at the moment?
Re: NOL sells building, layoff 400 staff
OOCL is doing Offshore but not in Singapore. In Singapore they are also doing co-loading.
MOL and Maersk not sure tho.
Offshore, i think many logistics companies have already reserved their places.
from what i know NYK is doing dry bulk and tanker.
OOCL is doing Offshore but not in Singapore. In Singapore they are also doing co-loading.
MOL and Maersk not sure tho.
Offshore, i think many logistics companies have already reserved their places.
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Re: NOL sells building, layoff 400 staff
I heard that in the past, before NOL bought APL, APL was a very profitable company. I also heard that in NOL, very political place with multiple layers and a lot in the not doing much work, just play politics. So strange they are laying off APL staff and keep the useless NOL people
I heard that in the past, before NOL bought APL, APL was a very profitable company. I also heard that in NOL, very political place with multiple layers and a lot in the not doing much work, just play politics. So strange they are laying off APL staff and keep the useless NOL people
Re: NOL sells building, layoff 400 staff
Since NOL become their mother company, definitely, APL staff need to go.
imho, NOL staff machiam like civil servants. u dont retrench civil servants.
Since NOL become their mother company, definitely, APL staff need to go.
Re: NOL sells building, layoff 400 staff
Dun think APL was full of debt when NOL bought them. I think NOL has to fully leverage itself to buy APL because Emeritus wants it. So after buying, APL became full of debts
Dun think APL was full of debt when NOL bought them. I think NOL has to fully leverage itself to buy APL because Emeritus wants it. So after buying, APL became full of debts
I remember reading about how PSA wanted to relocate the port & it's facilities somewhere else & using the current site for condo development. Are they still going to do this
Re: NOL sells building, layoff 400 staff
Maersk has a tanker division consisting of a pool of MRs - Handytankers and they absorbed brostrom's fleet into theirs
MOL has numerous investment and shares in many product/tanker companies - Asahi, Phoenix, TokyoMarine to name a few
OOCL has a tanker division too but based in HK
NYK/K Line have their own agencies too while Maersk has a shipbrokering division
Maersk has a tanker division consisting of a pool of MRs - Handytankers and they absorbed brostrom's fleet into theirs
MOL has numerous investment and shares in many product/tanker companies - Asahi, Phoenix, TokyoMarine to name a few
OOCL has a tanker division too but based in HK
NYK/K Line have their own agencies too while Maersk has a shipbrokering division
Re: NOL sells building, layoff 400 staff
Yes, ex-civil servants, NOL would be the last shipping company i want to join, might as well go back to SAF if i want to join NOL, less stress and more bonuses
Yes, ex-civil servants, NOL would be the last shipping company i want to join, might as well go back to SAF if i want to join NOL, less stress and more bonuses
Re: NOL sells building, layoff 400 staff
now, offshore hardly they can enter.
offshore supply will also be hit by tanjung pelepas but Sinkapore turnover time is faster than Tanjong Pelepas.
Tanjong Pelepas sometime congested with containers and cause delay.
It is still msia we are talking about, time efficiency and turnover not as good as sinkapore. Cost is high true but delay also causing them to lose.
pros and cons.
at the boom time, they didnt really care and go into Offshore. Then it was taken up by most logistics companies.
now, offshore hardly they can enter.
offshore supply will also be hit by tanjung pelepas but Sinkapore turnover time is faster than Tanjong Pelepas.
Tanjong Pelepas sometime congested with containers and cause delay.
It is still msia we are talking about, time efficiency and turnover not as good as sinkapore. Cost is high true but delay also causing them to lose.
pros and cons.
Re: NOL sells building, layoff 400 staff
No kidding, they can build all they want but its Malaysia we're talking about. ETAs and berthing schedules always cocked up, Malaysia Boleh
Is Swire now the biggest offshore kid on the block?
No kidding, they can build all they want but its Malaysia we're talking about. ETAs and berthing schedules always cocked up, Malaysia Boleh
Is Swire now the biggest offshore kid on the block?
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Aiyoh....must I spell it out for you?
Look, for this scam to work, money has to flow from citizens pockets to some crony pocket.
It does not work if they just took it out from the pool of taxes they're collecting. Because in this scenario there will be less tax money to be divided.
Simply put for privatisation of prison, additional tax has to be collected for someone to make money. Otherwise somebody else will end up with less. Kapisch?
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Re: NOL sells building, layoff 400 staff
CEO is former CDF, CFO is former MOS and current MP...........................
CEO is former CDF, CFO is former MOS and current MP...........................
Yes :o Ops moving to terminals in da west, last I heard.
I remember reading about how PSA wanted to relocate the port & it's facilities somewhere else & using the current site for condo development. Are they still going to do this
Pasir Panjang side, even the dry shipping also move to the reclaimed land side i heard too
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