NOL carries 12% more cargo in 4 weeks

Neptune Orient Lines (NOL), the world's seventh largest container shipping firm, it carried 12 percent more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.

NOL carried 229,700 forty-foot equivalent units (FEUs) during the four-week period, up from 204,400 FEUs a year ago, the firm said in a statement.

The average revenue per FEU fell 2 percent to $2,557 per FEU from $2,622 last year, hit by falling rates on Asia-Europe routes. (Reuters)