Singapore's Neptune Orient Lines , the world's seventh largest container shipping firm, reported a 5 percent rise in its cargo in the four weeks period to July 1 from a year ago but weakness in Asia-Europe rates pushed its average revenue lower by 13 percent, Reuters reports. NOL said in a statement it carried 232,700 forty-foot equivalent (FEU) during the four week, up from 221,900 units a year ago. NOL said the higher volume was due to the strong intra-Asia sector.
However the average revenue per FEU during that period fell to $2,513 per FEU from $2,892 last year.
NOL said on the year to date basis, the company said it carried 8 percent more cargo, but the average revenue per FEU fell by 3 percent compared to a year ago.
However the average revenue per FEU during that period fell to $2,513 per FEU from $2,892 last year.
NOL said on the year to date basis, the company said it carried 8 percent more cargo, but the average revenue per FEU fell by 3 percent compared to a year ago.