Neptune Orient Lines Ltd., owner of Asia’s largest container line by fleet size, posted its first profit in seven quarters after moving more boxes at higher rates amid a recovery in the global economy. Second-quarter net income was $99.7 million, compared with a $146.2 million loss a year earlier, the company said in a statement Monday. Neptune Orient said it expects “significant improvement” in profit for the third quarter.
Green Marine
about 16 years ago
Neptune Orient Lines posts profit as world trade rebounds
Neptune Orient Lines Ltd., owner of Asia’s largest container line by fleet size, posted its first profit in seven quarters after moving more boxes at higher rates amid a recovery in the global economy. Second-quarter net income was $99.7 million, compared with a $146.2 million loss a year earlier, t
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