Neptune Orient Lines says shipping volumes increased 43% y-o-y to 312,500 FEU (Forty-foot Equivalent Unit) for the six weeks of Period 12 from Nov 14 2009 to Dec 25 2009 while average revenue per FEU declined 25% to US$2,189 over the same period last year.

The improvement in volume was due to higher volumes lifted in all major trade lanes. Lower average revenue per FEU was due to lower core freight rates, lower bunker recovery and changes in trade mix.

2009 container shipping volumes declined 7% while average revenue per FEU declined 25% over 2008 levels.

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