News / NOL sails back into the black, with much more to gain from cheap fuel than rivals

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After quarter upon quarter of reporting net losses, Singapore headquartered NOL will turn a profit this year of more than $200m.

This is according to a leading analyst, who adds that its liner shipping arm, APL, stands to benefit more than its competitors from low bunker prices.

Implying “significant cost savings” from the 60% plunge in fuel prices, broker DBS Vickers analyst Suvro Sarker said in a note to investors: “The fact that NOL has lagged its peers in terms of fuel ...