Yield 29pc down as APL October container volumes rises 14pc

DURING the four weeks ending October 16 the Singapore-based parent Neptune Orient Lines (NOL) reported a throughput of 423,400 FEU handled by its container unit APL, a 14 per cent year-on-year increase.

But APL failed to register an increase in rates, with an average freight rate of US$1,127 per TEU, 29 per cent lower than the previous year. The company attributed the lower rates to "lower core freight rates and lower bunker recovery."

(Source: www.schednet.com)