Container shipper Neptune Orient Lines says for the four weeks of P4 2010 from 3 April to 30 April, container shipping volumes increased 34% to 212,000 FEU (Forty-foot Equivalent Unit) over the same period last year mainly due to higher volumes carried from the Intra-Asia and Transpacific trade lanes.

Average revenue per FEU was US$2,669 or 15% above the same period last year, largely due to improved core freight rates in a number of trade lanes, particularly on Asia-Europe, and also higher bunker recovery. The impact of annual contracting in the Transpacific will reflect in performance from P6 2010 onwards.

P4 YTD, 2010 container shipping volumes increased 43% to 913,000 FEUwhile average revenue per FEU increased 5% to US$2,544 over P4 YTD, 2009 levels.