In a strong sign that global container volume is rebounding from the global recession, Neptune Orient Lines reported Monday that the volume of containers carried by its liner subsidiary APL rose 34 percent in the four weeks from April 3 to April 30 over the same period last year and was 43 percent higher than last year in the year to date.
NOL said the increase was mainly due to higher volumes on the intra-Asia and trans-Pacific trade lanes.
In the same four week period, the average revenue per 40-foot equivalent unit was 15 percent higher than a year earlier, which NOL said was largely due to improved core freight rates in a number of trade lanes, particularly on Asia-Europe, and also higher bunker recovery.
NOL said the impact of the higher rates it has sought in its annual contracts in the trans-Pacific would be reflected in the next monthly operational update and thereafter.
APL’s container volume in the latest operational period, climbed to 212,000 FEUs from 147,800 in the same period last year, and from 204,400 FEUs in its four-week period from March 6 to April 2.
Average revenue per FEU was $2,669, compared to $2,322 in the year-earlier period and $2,662 in the period ended April 2 of this year.
Average revenue per FEU for the year-to-date was $2,554, an increase of 5 percent over last year’s figure of $2,437 per FEU.
-- Contact Peter T. Leach at email@example.com.