Neptune Orient Lines reports rise in revenues per container

Singapore based, Neptune Orient Lines, container shipping company has reported a rise in revenues per container.

The average revenue for 40-foot equivalent unit container rose nearly by a third. In a filing to the Singapore Exchange the company said its average revenue per 40-foot equivalent unit rose 32 per cent on-year to US$2,892 in the period from May 29 to June 25.

The company says the average revenue grew because of improved core freight rates in the major trade lanes including the Transpacific trade lane.

The company also recorded a growth in the shipping volume by 29 per cent compared to a year earlier. The company said that improvement in volume was due to higher volumes across all major trade lanes.