News / Cost-cutting gains help box lines through the peak season blues

31/10/2013

What is traditionally the busiest period in the container shipping calendar has been a damp squib this year, according to NOL Group chief executive Ng Yat Chung who yesterday said it was one of the “weakest peak seasons we have seen in recent years”, as he presented his company’s third quarter results.

NOL’s container arm APL saw average revenue of $2,372 per 40ft for the critical third quarter, which was down 9% on the same period last year.

Nevertheless, it seems to ...