Shares in Wallenius Wilhelmsen Logistics shot out of the gate in Oslo this morning after a blockbuster third quarter result.

Its stock climbed by more than one tenth after the opening bell on Wednesday as investors responded to the results.

The Oslo-listed ro-ro operator, formed in April by merging Wilh Wilhelmsen and Wallenius Lines' Wallroll, posted net income of $55m, up from $40m in earnings a year ago, as TradeWinds reported last night.