[SINGAPORE] Container carriers may struggle with declining freight rates once again, as the successes of repeated imposed general freight rate increases begin to dim.

Heavy first quarter losses suffered by Singapore's Neptune Orient Lines (NOL) underline the challenges facing the sector, even after the industry's push for profitability. NOL reported Q1 losses of US$254 million due to...

IN what turned out to be a disappointing day for commodities earnings, Noble Group said first-quarter profit almost halved on losses from supply chain assets and a slow agriculture season.Asia's largest commodities trader posted net profit of US$110.1 million for the three months ended March 31, down 46 per cent year-on-year. Earnings per share was 1.74 US cents, below the median estimate of 2.3...

[SINGAPORE] Neptune Orient Lines (NOL) saw yet another tidal wave of red yesterday, posting a first-quarter net loss of US$253.6 million, almost 30 times its US$9.7 million loss a year ago. The group warned yesterday that if rates and fuel costs do not become more favourable, its performance will "remain weak". This comes on the back of the US$320 million loss that the shipping firm saw for the...