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Monday, 31 January 2011

NOL posts higher average revenue per FEU

SINGAPORE: Mainboard-listed container shipper Neptune Orient Lines (NOL) said its average revenue per 40-foot equivalent unit (FEU) container has risen.


In a filing on Monday to the Singapore Exchange, NOL said revenue for the period from November 13 to December 31 rose 21 per cent from a year earlier to US$2,647.

The firm said the higher average revenue per FEU was due to improved freight rates in the major trade lanes.

Its shipping volume for the same period gained 26 per cent from a year earlier.

NOL said the improvement in volume was mainly due to higher volumes carried on the Intra-Asia and Asia-Europe trade lanes.

Meanwhile for the full year of 2010, average revenue per FEU container is up 22 per cent to US$2,787.

At the same time, volume has also grown by nearly a quarter.

-CNA/wk

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