Singapore Neptune Orient Lines’ container shipping operating performance metrics for the 6-week period (Jan. 1 – Feb.11) rose by 5% from the same period a year earlier, to 321,600 forty-foot equivalent units (FEUs). The company’s revenue per FEU increased by 10% to $2,654 / FEU, NOL's press release said.
NOL said the 5-percent increase was primarily due to higher volumes carried on the Asia-Europe and Intra-Asia trade lanes. Revenue growth was due to improved freight rates in the major trade lanes, particularly on the Transpacific trade lane, and partially off-set by the trade mix effect from volume growth in the Intra-Asia short sea trade lane.
Singapore-based Neptune Orient Lines is a leading shipping and terminal operator. The company operating in 140 countries under the names APL, APL Terminals and APL Logistics has a workforce of 11,000 employees. In 2010 container trade of the company increased by 24% y-o-y to 2,831,300 FEUs.