ONE owner upgrades full-year forecast by 120 percent

The surge in freight volumes and increasing spot rates at Japanese container carrier ONE now prompts co-owner Mitsui O.S.K Lines to significantly raise expectations for the full-year result.

Photo: PR / Ocean Network Express

The highly congested container market is causing freight volumes and spot rates to continually skyrocket at ONE, the world's sixth largest container carrier, with positive effects for the owner's results as well.

ONE is owned by three Japanese carriers, Mitsui O.S.K Lines (MOL), NYK and K Line, and MOL has chosen to significantly raise expectations for the full-year result.

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