NOL volume decline slows

NEPTUNE ORIENT LINES    CONTAINER VOLUME    APL

Singapore - Neptune Orient Lines reported a slower rate of container volume contraction for the month of July at 11% year-on-year.

According to media sources, NOL witnessed the 11% drop in container volume transported by liner arm APL in the period June 27 to July 24 to 187,400 FEUs (40 foot equivalent units) down from 209,800 a year earlier.

The average revenue from each container fell 29% from the same period last year to US$2,219. The revenue per container was, however, slightly higher than revenue per container recorded in June 2008. 

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