Shares of Neptune Orient Lines, the world’s sixth biggest container shipping firm, opened 8.8% lower after reporting a worse-than-expected quarterly loss due to high fuel costs and lower freight rates, reported Reuters.
At 9:11 a.m., NOL shares had extended losses and were trading around 10.88 percent lower at $1.27 a share, down $0.155.
At 9:11 a.m., NOL shares had extended losses and were trading around 10.88 percent lower at $1.27 a share, down $0.155.
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