performance of Singapore’s container shipping firm NOL. Bunker fuel costs rose to a record close of US$764.5 per tonne FOB Singapore on July 15. Its second quarter net profit fell 19% year-on-year to US$76 million, the first decline in five quarters, on “deteriorating market conditions and significant cost pressures.” For the first half, however, it…
SINGAPORE: Shipping firm NOL’s Q2 net profit down 19% on rising fuel cost
Posted on August 31, 2008 by EnergyAsia