
thanks AKChua for the productive post
Maersk Line CEO: Container Ship Capacity to Rise 11% via New Deliveries in 2013
March 11, 2013 02:14 ET (06:14 GMT)
DJ Maersk Line CEO: Container Ship Capacity to Rise 11% via New Deliveries in 2013
By Gaurav Raghuvanshi
A.P. Moller-Maersk (AMKBY) expects container ship capacity to grow 11% this year, outpacing demand, the chief of its container shipping business said Monday.
The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth, Soren Skou, the chief executive of Maersk Line, told reporters at a news conference in Singapore.
" We expect to get a reasonable balance between demand growth and supply growth. But it requires that the industry acts in a reasonably fair manner," Mr. Skou said, referring to container shippers avoiding engaging in a fare war to attract customers.
Slow steaming, industry term for slowing down ships to save fuel, will reduce effective industry-wide capacity by 2% 2013.
In 2013, 2% of the global container vessel fleet may be scrapped, and the percentage of ships that are idling may grow at least one percentage point from the current 5% to 6%, he said. Demand on the Asia to Europe routes may grow between 3% and 5% this year, he said, adding that demand between Asia and Africa and Asia and Latin America is rising faster at about 5% annually.
Mr. Skou also said he expects the industry to implement previously announced rate increases from March 15. Most major container shipping firms have announced rate increases that are effective this month.
Maersk Line is the world's biggest container ship operator by volume.
will range bound at 1.2 until theres a change in spot rate for asia pacific
Baltic Dry Index (BDI) been moving upward 8 days straight, today reached 834, a few points shy of this year's peak of 837 before CNY. It's looking like GRI is working. NOL price followed BDI closely last year. Hopefully rate recovery is indeed working.
Hope NOL is doing a 180 degree turn.
CSH123 ( Date: 07-Mar-2013 11:17) Posted:
|
closing 1.20 then upgrade to sti component stock
u no eyes?
slight recovery today?
sgng123 ( Date: 06-Mar-2013 17:14) Posted:
|
STI up almost 40, guess they playing catch up. Today NOL stock is range bound 1.17-1.175, big players holding it down. Guess maybe they are going to cover their short positions  soon before the march 11 deadline on next monday. Difficult to trade for now as there is no clear trading pattern, might had a breakout next week if US Feb job data on Friday beat expectation.
guys if u check out the buy and sell pos, u would find  some heavy sell position build up to prevent NOL from pushing up. Typical of big players trying to buy stock cheap cheap by squeezing retail players. Hope the dam bust and all those traders had to cover like hell next week lol.
APL finally on board with the 15 March   / 1 April GRIs and revised bunker surcharges.
Also deploying Neftech fuel  additives  to  auxiliary engines on 50 ships with potential 10% bunker saving.
Hopefully these will help improve NOL bottom line.
Hope there will be a more goodly price mix, and also more counters in it...
Blanchard ( Date: 05-Mar-2013 23:34) Posted:
|
No news out yet. NOL still stuck in range bound, think a clearer trading trend would be known in 2nd half 2013 when the 1Q13 result is out. Then we know whether the US500mil cost saving would result in better profit margin. Our market really stuck, cannot go up higher due to overpriced component stocks lol.
STI components review this Thurs. Wonder if there will be any change?
US market hit all time record breaking 2007 high now sitting at 14230. US non manufacturing ISM beat analyst estimate 56 to 55.2. Guess at market close, US market would be the highest level known. Then our weak STI would struggle and underperformed rest of asia market. Today also struggling to maintain in the green while other markets rebound. Our STI component stocks is full of overvalued defensive plays, index cannot go up cos noone wants to buy expensive stocks. This sucks as we drink tap water while others rejoiced in wine lol, i blamed this on SGX shortsighted always 1 leg behind other people.
Enjoy the pissing when STI edge up while other asia market soars 2% .........
Even the best of the best stocks can also drop like sheet... 
sgng123 ( Date: 04-Mar-2013 14:00) Posted:
|
China government impose 20% tax on properties sold, tanking down SCI by 3.5%, the housing index tumble 10% lol. Hope tomorrow pp buy on dip and stablise the market sentiment else it gona get very rough. Commodity stock taking big hit today dropping like 2.5-3% namely golden ari, olam,noble, wilmar etc. Capitalland also drop like 4%.
This month got big GRI coming namely Europe GRI US650-750 on 15 March and US GRI 400 on 1 Apr. NOL stock price is now back to where it was in dec12 and it takes only like 1.5 months to swing +/-15%, not for the faint heart. Next week shorting activities  might be constrainted due to shorting transparency kicking in. Good news is analysts is predicting average global 4% increase in freight rate this year, might be reason why nol ceo is optimistic about 2013 propects in 4Q report. 2014 is the year when overcapacity issue eased and if investor can hold out until there can make money due to better valuation.
More to drop this week. Regional markets all dropping like sheet. Growth stocks all got hit regardless whether they made money or not. NOL supported by Ah Gong and still holding out better than most profitable growth stocks. Noble, Wilmar, Olam, Cosco, YZJ all dropping even though they are profitable. So take this kind of drama in ur stride, part of growth stocks drama in uncertain time sign...
It is dropping like sheet...   

heisuke ( Date: 04-Mar-2013 09:43) Posted:
|
From 11 March 2013, SGX will require the marking of sell orders on its securities markets to further enhance transparency of market activities. SGX will publish daily reports on the total value and volume of short sales for each counter the next trading day, based on short sale data collected on the previous trading day. Please also refer to the Guidelines on Short Selling Disclosure issued by the Monetary Authority of Singapore (MAS) on 9 January 2013. |
info i picked up from sgx regarding the new shorting transparency.
By the way, don go in the market for now due to uncertainty wait for dust to settle. NOL can go up and down very fast due to no support on the company financial performance. Had to wait till 14 May for 1Q13 for clearer picture of cost cutting benefit and freight rate negiotation. In short 2nd half of this year is better for NOL since lot of the uncertainty like US debt ceiling, Europe problem would likely had simmer down.