NOL's revenue per container fall 14% in 4 wks to Nov 18

Neptune Orient Lines, the world’s sixth largest container shipping firm, reported a 14% fall in average revenue per container due to lower rates in major trade lanes.

NOL said the average revenue per forty-foot equivalent unit (FEU) during the four weeks to Nov 18 fell to US$2,401 ($3,114) from US$2,797 a year earlier.

But it carried 224,200 FEU during that period, up 2% from a year ago.