SOS: Lower rates hurt NOL

Container shipping volumes went up but average revenue per Forty-foot Equivalent Unit dropped 17%.

For the 4 weeks from 2 July 2011 to 29 July 2011, container shipping volumes increased 7% over the same period last year mainly due to higher volumes carried on the Intra-Asia and Asia-Europe trade lanes.

Average revenue per FEU, however, declined 17% mainly due to lower rates in the Asia-Europe trade and greater Intra-Asia mix.

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