Maersk Opens New Logistics Center in Vietnam
Danish logistics conglomerate Maersk launches its new logistics center in Bac Ninh to address the needs of a high-demand North Vietnam market.The new warehouse offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.On December 11th, 2019, the official opening ceremony for the new logistics center took place in Bac Ninh, Vietnam in the presence of Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Vietbeko Head of Supply Chain Mr. Quang Le and Maersk senior executives. Constructed by Mapletree Logistics Park Bac Ninh Phase 3 (Viet Nam), the 11,000 square-meter warehouse is strategically located inside the VSIP Industrial Park in Bac Ninh, within 25km to Hanoi centre and 120km to Hai Phong port.
NOL Reports $148 Million Year-On-Year Improvement
NOL Group reported first quarter 2013 Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss of $85 million, a 64% improvement or $148 million, in the key profitability measure from a year ago. NOL attributed the improvement to a continuing focus on operational efficiency and cost mitigation. It was the fourth consecutive quarter of year-on-year improvement posted by the Group on a Core EBIT level. Including a nonrecurring gain of $200 million from the completed sale of the NOL headquarter building in Singapore, the Group posted a first quarter 2013 net profit of $76 million. “Our cost base has improved as we continue to build a more competitive NOL.
