Singapore's Neptune Orient Lines (NOL), the world's fifth-biggest container shipping firm, said on Monday it carried 37 percent more containers in the four weeks to March 5 from a year ago.
NOL said in a statement it carried the equivalent of 189,100 40-foot containers (FEUs) on its ships in the period, up from 137,800 a year earlier.
The average revenue from each container rose 8 percent from a year ago to $2,575, compared to a 9 percent decline in the six-week period to February 5, signalling a recovery in the shipping sector.
The company said in a statement that the improvement was due to higher shipping volumes from the Transpacific and Intra-Asia trade routes, as well as improvement in its core freight rates and higher bunker recovery
NOL said in a statement it carried the equivalent of 189,100 40-foot containers (FEUs) on its ships in the period, up from 137,800 a year earlier.
The average revenue from each container rose 8 percent from a year ago to $2,575, compared to a 9 percent decline in the six-week period to February 5, signalling a recovery in the shipping sector.
The company said in a statement that the improvement was due to higher shipping volumes from the Transpacific and Intra-Asia trade routes, as well as improvement in its core freight rates and higher bunker recovery