NOL sees revenue stack up

NOL    SHIPPING     REVENUE

Singapore - Container shipping company Neptune Orient Lines (NOL) reported an increase in its average revenue per 40-foot equivalent unit (FEU).

Average revenue per FEU from May 29 to June 25 rose 32% on-year to US$2,892, Channel NewsAsia reported.

The higher average revenue registered was due to core freight rates in the major trade lanes improving, including the Transpacific trade lane.

Compared to a year earlier, its shipping volume for the period grew 29%.

This was due to higher volumes lifted in all major trade lanes, says NOL.

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