Revenue per container down at Singapore’s NOL

September 15, 2009
Singapore Democrats

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Earth Times

Average revenue per container continued to slump at Singapore’s Neptune Orient Lines (NOL), the company said Monday, but the fall in shipping volume eased in August. In the four weeks to August 21, average revenue per 40-foot-equivalent unit (FEU) reached 2,189 US dollars, down 30 per cent from 3,116 US dollars posted for the same period a year ago, NOL said in a statement.

Container shipping volume declined 7 per cent to 192,800 FEU, down from 208,200 FEU a year earlier.

It was the smallest drop so far this year, after the company reported a 35-per-cent fall in shipping volume for the operating period to February 6.

“The decrease in volume was due to the decline in demand on nearly all major trade lanes, partially offset by improvement in intra-Asia trade volumes,” said NOL.

NOL, one of the largest container shippers worldwide, already said it expected a “significant loss” for 2009 due to depressed global business conditions,

http://www.earthtimes.org/articles/show/285589,revenue-per-container-down-at-singapores-nol.html