Maersk takeover target Royal P&O Nedlloyd is on track for better figures this year after building box rates and revenues in the first half.

The Dutch container line's total turnover is expected to grow by 17% to $3.19bn, up from $2.73bn in the same period last year, it said in a trading update.



The major factor behind the rise was a growth in average freight rates of 13% to $1,567 per teu, against $1,384 per teu in 2004.



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