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NOL's volumes and rates surge in June

Singapore: Container volumes and rates continued to soar for Neptune Orient Lines (NOL) in June this year. Singapore-headquartered NOL reported a 29% surge in volumes for the period from 29 May to 25 June handling 221,900 feu compared to 172,200 feu in the same period a year earlier. The company said volumes were up on all trades and in particular the transpacific and intra-Asian routes. Average revenues across all trades for the four-week period were up 32% year-on-year at $2,892 per feu. NOL said rates had improved on all major trades including the transpacific. [19/07/10]

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