The Journal Of Commerce, 14 Sep 2009
As container volume fell through August, average revenue plummeted even further for Neptune Orient Lines.
For the 4 weeks from July 25 to Aug. 21, the Singapore-based parent of APL reported carrying 192,800 40-foot equivalent units, down 7 percent from the same period a year earlier. A decline in demand crossed nearly all major trade lanes but for some improvement in Intra-Asia trade volumes, the company said.
Because of lower core freight rates and lower bunker recovery, average revenue was down 30 percent to $2,189 per FEU.
For the year to date, volume fell 20 percent to 1.35 million FEUs. Average revenue to date was down 23 percent to $2,327 per FEU.
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Related:
Revenue per container down at Singapore's NOL - EarthTimes
