“We will look for opportunities to back a winner [APL Logistics]. It’s a business that provides steady growth and steady margins but unfortunately as part of our overall portfolio it’s too small right now to be able to offset any swings in the liner business,” Ng Yat Chung, president and ceo of NOL, told……. if you would like to read more of this story email [email protected] for a free trial.
Also in this issue
More lives lost to nickel ore cargoes than piracy
Loading procedures for nickel ore in Indonesia must be tightened up to prevent further loss of life, according to leading shipping organisations.
Four bulk carriers destined for China after loading nickel ore in Indonesia have been lost in the last 17 months with the combined loss of 66 lives. This compares to just 16 seafarers losing their lives due to piracy across all vessel types over 2010 and 2011, according to figures from watchdog the International Maritime Bureau.
APM Terminals Mumbai tariffs slashed by 44%
Ask for a nominal 8.72% increase over the existing tariff and get a massive 44% cut in the rate. This was the rude shock suffered by APM Terminals, one of the two private terminals in operation at Jawaharlal Nehru port (JNP) at the hands of the New Delhi based Tariff Authority for Major Ports (TAMP).
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
