Singapore-based shipping and logistics company Neptune Orient Lines has reported a net loss of $54m during the second quarter of 2014, this comes on the back of what NOL described as difficult trading conditions.
The group has however made gains at the operating levels with core EBIT loss down to $15m, a year-on-year improvement of 52 per cent.
Revenue, during the quarter compared to the quarter in 2013 slipped by the 1 per cent to $2.05 billion.
Chris succeeded the legendary Malory Davies in September 2019 as Editor of Logistics Manager and host of the Supply Chain Excellence Awards. Day-to-day Chris writes about all things supply chain; materials handling and industrial property and is curator of the annual LM Top 50 Service Providers. He has worked as a business journalist since 2002 and his career as a logistics journalist started in 2008. Before joining Logistics Manager, he was Editor-in-Chief for road transport titles at DVV Media International.
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