NOL Shares Drop On Re-Rating Rumor

Thursday, December 09, 1999
Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade on talk there was some re-rating of the stock following changes in the Morgan Stanley Capital International (MSCi) index. The shipping group was down 15 cents or six percent at S$2.28 after hitting a low of S$2.26 earlier. Aside from the index news, there is reportedly concern that the group could be affected by rising bunkering charges. Put in perspective, the drop is minimal considering that NOL has been a top performer on the Singapore bourse this year, up nearly 350 percent.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Alaska Class Ferries to Be Built in Ketchikan

Announced by Governor Sean Parnell Saturday, September 20, the State of Alaska and Vigor Industrial have reached a final agreement to construct two Alaska Class Ferries at Vigor Alaska in Ketchikan.

MN 100: Sneed Shipbuilding, Inc.

17112 Market Street Channelview, TX 77530 E-mail: cesneed@sneedshipbuilding.com Website: sneedshipbuilding.com Owner: Clyde Sneed Owner: Mitch Jones Number

MN 100: Tampa Yacht Manufacturing LLC

4350 62nd Avenue North Pinellas Park, FL 33556 Tel: (727) 954-3435    Email: robert.stevens@tampa-yacht.com Website: www.tampa-yacht.com President & CEO:

 
 
Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5049 sec (2 req/sec)