Monday, 27 April 2009

NOL sees sharp drop in March box volumes

NEPTUNE Orient Lines continued to see a sharp drop in container volumes in March.
NOL reported that its container line APL handled 155,444 feu between March 7 and April 3, down 22% year on year.
For the year to date, volumes have plunged 27% to 481,600 feu compared to the same period in 2008.
“The decrease in volume was due to the decline in demand on all major trade lanes in view of the current global economic downturn,” NOL said.
Average revenues per feu fell 20% in the period ending April 3 to $2,347.

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