SINGAPORE's Neptune Orient Lines' (NOL) container unit APL has posted a 1.7 per cent decline between June 4 - July 1 to an average US$2,513 per FEU a drop of $44 per FEU.
APL cited "lower rates in the Asia - Europe tradelane" as the reason for the slippage, which is now 13 per cent lower than the same period last year, well below the $3,200 per FEU rate last year.
But with a 232,700 FEU volume, APL was doing five per cent better than the same period of last year with year-to-date recording an eight per cent increase to reach 1.46 million FEU.
