NOL moves more cargo in Dec

NOL   CARGO   SHIPPING

Singapore – Neptune Orient Lines has seen a 26% year-on-year increase in container shipping volumes for the seven weeks from 13 November to 31 December 2010.

The growth is attributed to higher volumes carried on the Intra-Asia and Asia-Europe trade lanes.

The average revenue per 40-foot equivalent unit (FEU) was 21% above the same period last year due to improved freight rates in the major trade lanes, especially the Transpacific and Asia-Europe trade lanes.

In 2010, container shipping volumes increased 24% year-on-year. Meanwhile, average revenue per FEU increased 22%.

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