Tuesday, May 3, 2011

NOL carries 12% more cargo in 4 weeks to April 8

Neptune Orient Lines (NOL) (NEPS.SI), the world’s seventh largest container shipping firm, said on Tuesday it carried 12% more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.

NOL carried 229,700 forty-foot equivalent units (FEUs) during the four-week period, up from 204,400 FEUs a year ago, the firm said in a statement.

The average revenue per FEU fell 2% to US$2,557 ($3,138) per FEU from US$2,622 last year, hit by falling rates on Asia-Europe routes.
 

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