Lloyd's List, 28 Jan 2009, Marcus Hand
NEPTUNE Orient Lines saw its container volumes dip 24% in the last six weeks of 2008.
For the period November 15-December 26 last year, NOL said that its liner arm APL carried 218,100 feu globally, 24% lower than the same period in 2007.
“The decrease in container shipping volumes in period 12 of 2008 is a result of the rapid deterioration in demand on all major trade lanes and pro-active capacity management by the company to reduce costs,” NOL said.
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NOL moves 24 pct less cargo in 6 weeks to Dec 26 - Reuters, 28 Jan 09
