NOL carries 5% more cargo in 6 weeks to Feb 11

Neptune Orient Lines (NOL) said its container shipping volumes for the six weeks to Feb 11 rose five percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL carried 321,600 forty-foot equivalent units (FEUs) during the six-week period, up from 307,400 FEUs a year ago, the firm said in a statement.

The average revenue per FEU increased 10 percent year-on-year over the same period to $2,654 per FEU, helped by improved freight rates on major trade lanes, particularly the transpacific route. (Reuters)