APL volume drop by 22 percent from March 7 to April 3
APL’s container volume and average revenue per container plunged during its most recent four-week reporting period, its parent Neptune Orient Lines, reported April 27.
During the four week period from March 7 to April 3, container shipping volume declined 22 percent while average revenue per FEU dropped 20 percent compared with the same period last year.
The Singapore-based carrier reported container volume of 155,400 FEUs during the period, compared with 198,300 FEUs last year.
Average revenue per FEU dropped to $2,347 from $2,930 last year.
The Singapore-based carrier said the decrease in volume was due to the decline in demand on all major trade lanes in view of the current global economic downturn.
Lower average revenue per FEU was due to lower core freight rates and lower bunker recovery.
For the year to date, APL’s container shipping volume declined 27 percent to 481,600 FEUs from 662,900 FEUs last year.
Average revenue per FEU declined 16 percent for the year to date, to $2,474 from $2,934 last year.
During the four week period from March 7 to April 3, container shipping volume declined 22 percent while average revenue per FEU dropped 20 percent compared with the same period last year.
The Singapore-based carrier reported container volume of 155,400 FEUs during the period, compared with 198,300 FEUs last year.
Average revenue per FEU dropped to $2,347 from $2,930 last year.
The Singapore-based carrier said the decrease in volume was due to the decline in demand on all major trade lanes in view of the current global economic downturn.
Lower average revenue per FEU was due to lower core freight rates and lower bunker recovery.
For the year to date, APL’s container shipping volume declined 27 percent to 481,600 FEUs from 662,900 FEUs last year.
Average revenue per FEU declined 16 percent for the year to date, to $2,474 from $2,934 last year.