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News / NOL racks up its third successive year of losses, reporting $181m of red ink in 2015

APL Temasek
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Singapore-based shipping line NOL posted a net loss of $181m in 2015, after a disastrous fourth quarter which saw its APL container line heavily discounting freight rates to fill ships.

Although the result represented a 30% improvement on the $260m loss in 2014, the company was obliged to ...

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  • John Roberts

    February 23, 2016 at 3:34 pm

    Some heads need to roll there. Anyone who is in charge of a company losing HALF A MILLION DOLLARS PER DAY is not doing a very good job.

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