Wednesday, May 18, 2011

NOL

NOL: Confirms report that EU Commission officials had visited its UK office. AP Moller-Maersk, CMA, Hapag-Lloyd were among liner shipping Co’s raised by EU's antitrust officials over possible collusion, with the regulators highlighting they have reasons to believe the Co’s may have breached EU cartel or monopoly-abuse rules. NOL maintains it is in compliance with Europe Anticompetition regulation, and will fully cooperate in investigations. Technically, see support at $1.80 (2011 yr low)

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