APL’s container volume fell slightly in September from August, while average revenue per container slipped despite attempts to impose a peak season surcharge recommended by the Transpacific Stabilization Agreement.
The Singapore-based carrier carried 229,300 40-foot equivalent container units in the four weeks from Aug. 27 through Sept. 23, down 2.5 percent from the previous period. Revenue per FEU for the period averaged $2,501, down 2.3 percent from $2,559 in the prior-month period.
APL’s volume in the latest period was up 5 percent from the same period last year, while average revenue per FEU fell by 19 percent.
APL parent NOL said the year-over-year increase in volume was mainly due to higher volume on intra-Asia trade routes. It said the drop in revenue per FEU was mainly due to lower rates in the major trade lanes, particularly the Asia-Europe and intra-Asia trade lanes.
APL’s container volume increased 8 percent year-to-date while average revenue was down 9 percent from 2010 levels. Drewry’s container shipping benchmark for spot rates on the trans-Pacific trade hit a 21-month low in the second week of October, falling below $1,500 per FEU in the week of Oct. 10.