Singapore`s Neptune Orient Lines shares jump after Reuters interview

Shares of Singapore container shipping firm Neptune Orient Lines jumped as much as 3.6 percent after Reuters reported its plan to order more ships to address the global capacity shortages in the container market. Neptune Orient CEO Ronald Widdows told Reuters the shortage would kick in 2012 and 2013 as demand surged, especially in Asia. NOL plans to turn over many of its ships under charter within the next two to three years, he said. Local traders quoted Reuters story as a factor in the strong rise of NOL’s share price.