SINGAPORE's Neptune Orient Lines has announced that its container shipping arm APL has seen its container shipping volume decline 14 per cent to 172,200 FEU from May 30 to June 26 compared to the same period a year earlier.
Average revenue per FEU fell during the reporting period by 29 per cent year-on-year to US$2,190 from $3,080 last year.
NOL attributed the slide in volume to lower demand on major trade lanes. Lower average revenue per FEU was blamed on lower core freight rates and lower bunker recovery, reports Newark's Journal of Commerce.
APL's container shipping volume in the year through June 26 decreased by 24 per cent to 970,600 FEU from 1,268,600 FEU in the same period last year.
The carrier's average revenue per FEU for the year to date fell by 20 per cent to $2,375 from $2,972 last year.
Average revenue per FEU fell during the reporting period by 29 per cent year-on-year to US$2,190 from $3,080 last year.
NOL attributed the slide in volume to lower demand on major trade lanes. Lower average revenue per FEU was blamed on lower core freight rates and lower bunker recovery, reports Newark's Journal of Commerce.
APL's container shipping volume in the year through June 26 decreased by 24 per cent to 970,600 FEU from 1,268,600 FEU in the same period last year.
The carrier's average revenue per FEU for the year to date fell by 20 per cent to $2,375 from $2,972 last year.