Shipper NOL moves 22 pct less cargo in 4 wks to May 1

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Monday, 25 May 2009

Singapore's Neptune Orient Lines (NOL), the world's seventh-biggest container shipper, said on Monday it carried 22 percent fewer containers in the four weeks to May 1 versus a year ago. NOL said in a statement it carried the equivalent of 157,800 40-foot containers on its ships in the period ended May 1, down from 203,000 a year earlier.
The average revenue from each container fell 21 percent to $2,322.
Source: Reuters