APL's May volume up 34 percent
The volume of containers transported by APL in May rose 34 percent from a year earlier, as its average revenue per 40-foot container climbed 19 percent, which reflected the start of annual increases in trans-Pacific contract rates.
Neptune Orient Lines said Monday that in the four weeks from May 1 to May 28, APL carried 212,600 FEUs, up 34 percent from 159,100 in the same period last year.
NOL attributed the increase to higher volume carried from the Intra-Asia and trans-Pacific trade lanes. The increase in volume was exactly the same as the increase in the period from April 3 to April 30.
In the year to date, APL carried 1,125,500 FEUs, an increase of 41 percent from 798,400 FEUs in the same period last year.
Average revenue per FEU in the May period was $2,768, compared to $2,326 a year earlier. But it was up only 3.7 percent from $2,669 in the April period, when NOL reported higher charges for bunker fuel.
NOL said in last month's operational update for APL that the average revenue figures for May would reflect higher annual contract rates on the trans-Pacific trade.
APL's average year-to-date revenue per FEU was $2,594, up 7 percent from the same period last year.
Neptune Orient Lines said Monday that in the four weeks from May 1 to May 28, APL carried 212,600 FEUs, up 34 percent from 159,100 in the same period last year.
NOL attributed the increase to higher volume carried from the Intra-Asia and trans-Pacific trade lanes. The increase in volume was exactly the same as the increase in the period from April 3 to April 30.
In the year to date, APL carried 1,125,500 FEUs, an increase of 41 percent from 798,400 FEUs in the same period last year.
Average revenue per FEU in the May period was $2,768, compared to $2,326 a year earlier. But it was up only 3.7 percent from $2,669 in the April period, when NOL reported higher charges for bunker fuel.
NOL said in last month's operational update for APL that the average revenue figures for May would reflect higher annual contract rates on the trans-Pacific trade.
APL's average year-to-date revenue per FEU was $2,594, up 7 percent from the same period last year.