NOL’s rise and fall

NEPTUNE ORIENT LINES   APL LOGISTICS

Singapore - Neptune Orient Lines has reported an operational performance in April showing an increase in volumes but a decline in rates.

The number of containers moved over the period was up 9% as compared with the same period last year, but the average revenue per forty foot equivalent unit (FEU) was down 4%, Transport Intelligence reported.

It saw higher demand on both intra-Asian lanes and the Asia-Europe route, while the Asia-Europe route saw a fall in rates.

NOL also reported quarterly figures with volumes increasing at 9% with high vessel utilisation but rising revenue per container, moderating its loss from US$89 million in the first quarter of 2010 to US$8 million during the same period this year.

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