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MOL projects deficit with pressure on container and dry bulk

Japan's Mitsui OSK Lines expects a bigger deficit this year due to effects from the coronavirus pandemic. The shipping company is working with two scenarios.

Photo: MOL Mitsui OSK Lines PR

Japanese shipping group Mitsui OSK Lines, which has activities in container, dry bulk and tanker, projects a bigger deficit this displaced financial year due to the impact of the coronavirus pandemic, writes the company in its annual report for 2019, which ran till the end of March.

The shipping company in 2019 recorded a 6-percent drop in revenue to JPY 1155.4 billion (USD 10.8 billion), while the ordinary income grew 43 percent to JPY 55 billion.

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