In early morning trade, Neptune Orient Lines (NOL) shares are up 2.76% at six-week high of $1.86 vs STI overall index of +0.3%.
“NOL’s 63% volume recovery exceeded our positive expectations; similarly, freight rate recovery was stronger than our expectations,” says Morgan Stanley.
Operating data showed strong uptick in container volumes, sequential improvement in freight rates. NOL is starting off the year on a strong note :)
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