Higher volume, rates boost APL's April 34pc to 212,000 FEU

SINGAPORE's Neptune Orient Line (NOL) said its APL container arm moved 212,000 FEU in April, a 34 per cent year-on-year increase.

The company also said volumes were up 43 per cent from the first of the year to April 30 against the same period 2009, and rates are five per cent higher.

Intra-Asia and transpacific trade was credited for the robust performance, said the company, which added that average revenue per FEU was US$2,669, 15 per cent better than in the same period last year.

This was attributed to improved freight rates in a number of trade lanes, particularly on Asia/Europe as well as progress in bunker recovery.

(Source: Sea Trade Asia on line)