K-Line's finances strained by ONE container partnership
An expected deficit at container alliance ONE is one of the factors making Japan's K-Line downgrade to now expect a loss five times larger than previously announced. The Japanese shipping company launches a large-scale cost reduction reform.
by SIMON VALEUR
A weak dry bulk market, canceled charter contracts for container ships and the launch of container joint venture ONE came at a high price for Kawasaki Kisen Kaisha (K-Line).
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