Neptune Orient Lines said its container handling increased 5 percent year-over-year in the four-week period from June 4 to July 1, but its revenue per container fell 13 percent within the same period.
NOL’s container division, APL, handled 232,700 40-foot equivalent units in the period, compared to 221,900 FEUs in the prior-year period.
The growth was mainly due to higher volume handling on the Intra-Asia trade lane, NOL said.
The volume handled between June 4 and July 1 was also sequentially higher by 1.75 percent than the previous four-week period, which ran from May 7 to June 3, 2011.
The average revenue per FEU dropped to $2,513 from $2,892 a year earlier, largely because of the lower rates in the Asia-Europe trade lane, NOL said.
The average revenue per FEU was also down sequentially from $2,557 in the previous four-week period of this year.
For the year-to-date, container shipping volumes increased 8 percent to 1,455,700 FEUs, compared to 1,347,500 FEUs a year earlier.
Average revenue per FEU for the year-to-date was down 3 percent to $2,570 per FEU from $2,543 a year earlier.