SINGAPORE, March 1 (Reuters) – Singapore’s Neptune Orient Lines (NEPS.SI) (NOL), the world’s fifth-biggest container shipping firm, said on Monday it carried 63 percent more containers in the six weeks to February 5 versus a year ago.
NOL said in a statement it carried the equivalent of 307,400 40-foot containers (FEUs) on its ships in the period, up from 188,400 a year earlier. However, this was down slightly from 312,500 in the six weeks to December 25.
The average revenue from each container fell 9 percent from a year ago to $2,417.
“The improvement in volume was due to higher volumes lifted in all trade lanes and stronger pre-Chinese New Year shipments. Lower average revenue per FEU YoY was due to lower core freight rates, particularly on the Transpacific,” the firm said in a statement. (Reporting by Neil Chatterjee; editing by Saeed Azhar)