Neptune Orient Lines Ltd. (NOL), Southeast Asia’s biggest container shipping company, gained the most in almost a week after the spot rate for hauling cargo to the U.S. west coast jumped to the highest in two years.
Neptune Orient rose 2.9 percent to close at S$1.08 in Singapore. China Shipping Container Lines Co. (2866), the country’s second-biggest shipping company, jumped 11 percent to HK$1.93 in Hong Kong, the biggest gain since May 15.
Hanjin Shipping Co. (117930), South Korea’s biggest shipping line, climbed 5.8 percent to 13,700 won in Seoul, the most since May 22. Orient Overseas International Ltd. (316), the largest in Hong Kong, jumped 7.6 percent to HK$40.45, the biggest advance since Feb. 1.