Shipping sector turnaround making NOL an attractive purchase

Earnings will rise in 2013.

"We expect more earnings upgrades for 2013 by the street to drive up share price," said UOB Kay Hian in a new container shipping sector report.

The report cited four earnings drivers for the coming year, including a) the sale of its office building; b) stronger-than-expected rates increase on the AE trade lane in 4Q12 and 1Q13 backed by intact capacity discipline, c) potential 15-20% improvement in TP contractual rates, and d) recent decline in bunker prices.

"Longterm earnings drivers could be improved efficiency alongside larger vessels being delivered in 2013-15," UOB Kay Hian added.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley