Container

Japanese ONE's profit plunges by USD 14bn

The container shipping company’s revenue halved in the staggered financial year that ended in March 2024. Overcapacity and declining rates characterize the market.
Photo: Ocean Network Express
Photo: Ocean Network Express
by DANIEL LOGAN BERG-MUNCH

Japanese container carrier Ocean Network Express (ONE) reports a decline of just over USD 14bn in the staggered fiscal year that concluded at the end of March.

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