Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks ending May 6 but average revenue per box fell back 4 percent to the lowest point of the year.
Volume for Singapore-based APL in its fourth operations reporting periodalso edged up from the previous month, to 231,100 40-foot equivalent units.
But revenue slipped back to $2,549 per FEU across APL’s worldwide network, down slightly from the March reporting period and the lowest point for the measure of pricing strength since the first month of 2010.
NOL said the strongest volume growth was on intra-Asia and Asia-Europe trade lanes while the yield decline was greatest in the Asia-Europe market.
The average revenue per FEU has fallen 20 percent since the high point last August.