NOL carries 8% more cargo in 4 weeks to Aug 26

Singapore container shipping firm Neptune Orient Lines (NOL) (NEPS.SI) reported a 8% rise in its cargo in the four weeks to Aug 26 from a year ago, but weaker Asia-Europe and intra-Asia rates pushed its average revenue lower by 20%.  

 

NOL said in a statement it carried 235,200 forty-foot equivalent units (FEU) during the four weeks, up from 216,900 units a year ago. 

 

However, the average revenue per FEU during that period fell to US$2,559 ($3,193) per FEU from US$3,181 last year. 

 

NOL said on a year to date basis, it carried 8% more cargo, but the average revenue per FEU fell by 7% year-to-date compared to the same period a year ago.