03 May '11, 9am

Singapore's NOL carries 12 pct more cargo in 4 weeks to April 8: SINGAPORE, May 3 (Reuters) - Neptune Orient Lin...

SINGAPORE , May 3 (Reuters) - Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, said on Tuesday it carried 12 percent more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes. NOL carried 229,700 forty-foot equivalent units (FEUs) during the four-week period, up from 204,400 FEUs a year ago, the firm said in a statement. The average revenue per FEU fell 2 percent to $2,557 per FEU from $2,622 last year, hit by falling rates on Asia-Europe routes. (Reporting by Charmian Kok)

Full article: http://sg.news.yahoo.com/singapores-nol-carries-12-pct-mo...

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