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Box revenues slipping for NOL

Box revenues slipping for NOL

Singapore: Neptune Orient Line has reported a sharp 10% drop in average per feu liner revenues in period 9 from August 26th to September 22nd compared to the equivalent period in 2005. Average revenues for its liner arm, APL, were $2,658 per feu compared with $2,939 last year. Volumes however were up 6% at 166,800 per feu. Revenues for its logistics segment were up 6% year-on-year at $114.7m. Year-to-date average revenues per feu are down 6% at $2,651 over the equivalent period last year, while volumes are up 7% at 1.516m feu. Logistics revenues are up 4% at $948.9m. (17/10/06)

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