Neptune Orient Lines’ October trading update shows weaker average revenue per container although volume has risen by 13%.
Average revenue for period 10 fell by 18%, from $2,916 per feu for the same period a year ago to $2,402 for this year.
In contrast, volume climbed from 214,000 boxes to 241,000 over the same comparative period.
NOL attributed the increase in volume “to higher volumes carried on the intra-Asia trade lane” while the decline in average revenue per feu was caused by “lower rates in the major trade lanes”.
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