Home » Breaking News, Maritime » NOL revenue slides as volumes rise

Singapore-based Neptune Orient Lines (NOL) reported a drop in average revenue per 40-foot equivalent unit (FEU) for the four-week period covering August 27 to September 23, 2011 on rising container shipping volumes.

Average revenue per FEU dropped 19 percent to US$2,501 during the period, from $3,104 in 2010, according to statistics released by NOL. The carrier posted a 5 percent increase in shipping volumes to 229,300 FEUs, from 217,500 FEUs registered in the same period last year.

“The increase in volume was mainly due to higher volumes carried on the Intra-Asia trade lane. The decline in average revenue per FEU was mainly due to lower rates in the major trade lanes, particularly the Asia-Europe and Intra-Asia trade lanes,” the global shipping and logistics company said.

For the year-to-date period in 2011, NOL’s container shipping volumes increased 8 percent to 2,155,500, while average revenue per FEU dropped 9 percent to $2,560.

 

Photo from NOL

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