SINGAPORE's Neptune Orient Lines (NOL) suffered a year-on-year decline in container volumes of 18.5 per cent in the first six weeks of 2011, but revenue per box grew 10 per cent in the same period.
NOL's container arm, APL, moved 321,600 FEU in the first six weeks of 2011 compared to 307,400 FEU in the same period in 2010. Average revenue per FEU was US$2,654 in the first six weeks of 2011.
For the first six weeks of 2010, container volumes increased five per cent over the same period last year mainly due to higher volumes carried on the Asia-Europe and intra-Asia trade lanes, said an NOL statement.
"Average revenue per FEU was 10 per cent above the same period last year due to improved freight rates in the major trade lanes, particularly on the transpacific, and partially off-set by the trade mix effect from volume growth in the intra-Asia short sea trade lane," said an NOL statement.