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Monday, 7 March 2011

NOL carries 5% more cargo in 6 weeks to Feb 11

SINGAPORE - Singapore-listed Neptune Orient Lines (NOL) said on Monday that its container shipping volumes for the six weeks to Feb 11 rose 5 per cent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL carried 321,600 forty-foot equivalent units (FEUs) during the six-week period, up from 307,400 FEUs a year ago, the firm said in a statement.

The average revenue per FEU increased 10 per cent year-on-year over the same period to US$2,654 per FEU, helped by improved freight rates on major trade lanes, particularly the transpacific route. -- REUTERS

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