Container volume at APL grew 18 percent in the four weeks ending July 23 from the same period last year as rising rates pushed revenue per 40-foot container up 39 percent, the shipping subsidiary of Neptune orient Lines aid. 

IAPL said its average revenue per FEU soared soared to $3,076 from $2,219 a year earlier and said freight rates grew across the carrier's major trade lanes. Average revenue per FEU in the latest period was also 6.4 percent higher sequentially from the $2,892 recorded for the period that ended June 25 of this year.

For the year to date, APL’s revenue per FEU increased by 15 percent to $2,704 compared to $2,350 a year earlier.

APL carried 220,200 FEUs in the latest reporting period ended July 23, compared to 187,400 FEUs a year earlier. NOL said the increase was due to higher volume carried in all major trade lanes, particularly on the critical trans-Pacific and Asia-Europe trade lanes. The volume in the latest period was marginally lower than the 221,900 FEUs APL carried during the previous period ended June 25.

APL carried 1,567,600 FEUs in the year to date, up 35 percent from 1,158,000 FEUs in the first seven reporting periods last year.

Source: JOC