Volumes up for APL, but rates are down
Higher volumes on key trades before Chinese new year
APL’s container volumes increased by 63% during the first six weeks of the year, compared with the same period of 2009, but rates fell by 9%.
Over the period, APL transported 615,000teu, compared with 377,000teu in 2008. Meanwhile, average rates per feu declined from US$2,646 to $2,417.
APL said: “The improvement in volumes was due to higher volumes lifted in all trade lanes and stronger pre-Chinese new year shipments.
“Lower average revenue was due to lower core freight rates, particularly on the transpacific and changes in trade mix, partially offset by improvements in Asia-Europe rates.”
While rates were down year-on-year, they were 10% higher than in the final four weeks of 2009,
thanks to increased freight rates on key trade lanes and the implementation of an emergency revenue charge on the transpacific trade in January.
Over the period, APL transported 615,000teu, compared with 377,000teu in 2008. Meanwhile, average rates per feu declined from US$2,646 to $2,417.
APL said: “The improvement in volumes was due to higher volumes lifted in all trade lanes and stronger pre-Chinese new year shipments.
“Lower average revenue was due to lower core freight rates, particularly on the transpacific and changes in trade mix, partially offset by improvements in Asia-Europe rates.”
While rates were down year-on-year, they were 10% higher than in the final four weeks of 2009,
thanks to increased freight rates on key trade lanes and the implementation of an emergency revenue charge on the transpacific trade in January.
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