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NOL's Q3 net loss quadruples to US$96m

A staff at work near the containers of APL Logistics.


NEPTUNE Orient Lines (NOL) slipped deeper into the red for the third quarter with a net loss of US$96 million, compared to US$23 million a year ago, on continued headwinds in its core container shipping business.

Revenue for NOL's container shipping unit APL was down 29