Turning the tide: NOL carries more cargo

And NOL has higher volumes on intra-Asia and Asia-Europe routes to thank.

A Reuters report said NOL “carried 7 percent more cargo in the four weeks to June 3 from a year ago.”

NOL is said to have carried 228,000 forty-foot equivalent units during the four-week period, up from 212,600 FEUs a year ago.

Also in a statement NOL confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels.

The company had also agreed to charter five of the newly ordered 14,000-TEU container vessels to alliance partner, Mitsui O.S.K. Lines when they are delivered in 2013 and 2014.

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