NOL reports jump in container volumes

Singapore-based shipping firm Neptune Orient Lines (NOL) has recorded a 34 per cent increase in container volumes for the four week period ending 28 May, compared to the same period in 2009.

The jump is being credited to higher demand on Asian and Transpacific trading routes, Logistics Manager reported.

NOL's average revenue per forty-foot equivalent unit (FEU) was 19 per cent above last year's levels, thanks to increases in freight rates on key routes.

So far this year the company's container volumes are 41 per cent higher than in 2009, with the average revenue per FEU seven per cent up.