Latest NOL operational update

May 24, 2010: NOL has released its container shipping operating performance metrics for the 4 weeks (Period 4) from 3 April 2010 to 30 April 2010.



For the four weeks of P4 2010, container shipping volumes increased 34% 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 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 Period 6 2010 onwards.

P4 year-to-date, 2010 container shipping volumes increased 43% while average revenue per FEU increased 5% over the corresponding period in 2009.

For more information, visit: http://www.nol.com.sg/investor/operational_update.html

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