NOL ``well positioned'' for downturn
Global container shipping, terminals and logistics group Neptune Orient Lines says it is well positioned to survive the global downturn despite last week announcing a Q3 net loss of US$139m, compared with a net profit of $35m for the same period of 2008.
``The Nifty is very range bound and even though most people`s biases are negative I get the feeling that the market is waiting for some positive news to rally, some major policy change,`` he said.