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NOL trims losses in 2012

Ocean

Friday, February 22, 2013

Neptune Orient Lines (NOL), parent company of container liner company APL and APL Logistics, said it had a smaller loss in the fourth quarter of 2012 and for the full-year 2012 than it had in 2011. NOL’s 2012 fiscal year ended Dec. 28. Reporting results in U.S. dollars, the Singapore-based carrier, said it had a net loss of $98 million in the fourth quarter of 2012, compared to a loss of $320 million in the fourth quarter of 2011. Revenue in the quarter was ...

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