NOL's revenue per container down 14 pct in 4 wks to Nov 18

Singapore's Neptune Orient Lines (NOL), the world's sixth largest container shipping firm, reported on Monday a 14 percent fall in average revenue per container due to lower rates in major trade lanes, Reuters reports. NOL said the average revenue per forty-foot equivalent unit (FEU) during the four weeks to Nov 18 fell to $2,401 from $2,797 a year earlier. But it carried 224,200 FEU during that period, up 2 percent from a year ago.