NOL carries 26% more cargo in 7 weeks to 31 Dec

Monday, 7 February 2011 00:12 - - {{hitsCtrl.values.hits}}

(Reuters) - Neptune Orient Lines said last week its container shipping volumes for the seven weeks to 31 Dec. rose 26 percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL, the world’s sixth largest container shipping firm, carried 394,500 forty-foot equivalent unit (FEU) during the seven-week period, up from 312,500 FEUs a year ago.

Volumes rose 8 percent over the same period last year on a normalised six-week period, the firm said.

The average revenue per FEU increased 21 percent year-on-year over the same period to $2,647 per FEU, helped by improved freight rates on major trade lanes, in particular Tran-pacific and Asia-Europe.

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