Movement Alert｜OOIL Rises 3.01% in Regular Trading, Maersk Emergency Fuel Surcharge Hike and Strong Q3 Liner Revenue Support Sentiment

Market Focus10-13

On October 13, OOIL rose 3.01% in regular trading, trading at 164.5 HKD/share, with Turnover of 187 million HKD. The move was driven by shipping giant Maersk's announcement to raise its emergency fuel surcharge to 20% effective October 12, which lifted sentiment across container shipping stocks.

Additionally, OOIL's third-quarter operating summary showed liner revenue of $3.285 billion, up 45.1% year-over-year, while total liftings increased 9.0% and average revenue per TEU rose 33.1%. For the first nine months, liner revenue increased 18.9% and liftings rose 6.5%, providing solid fundamental support.

OOIL is principally engaged in container transportation and logistics, covering major routes in the Pacific, Atlantic, Asia-Europe, Asia-Australia and intra-Asia regions, along with integrated cargo storage and flow management services.

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