NOL office
Neptune Orient Lines Ltd., Asia’s third-largest container line, completed its longest losing run in almost eight months in Singapore trading after predicting “significant losses” through at least the first half of 2010. “Container-shipping freight rates remain at uneconomic levels,” CEO Ron Widdows said in a statement yesterday. Neptune Orient … posted a net loss of $138.9 million in the quarter ended Sept. 18, compared with a profit of $35 million a year earlier.