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MOL improved across all segments

Japanese carrier Mitsui OSK Lines (MOL) managed to turn a profit and saw revenue increase across all segments in the past business year.

Photo: Hyundai Merchant Marine

2013 was a difficult year, and other Japanese carriers - primarily container carriers - have stressed the challenge of just achieving a slight profit at this time. But this does not seem to apply to MOL, which has just published its annual report for the fiscal year April 1 2013 to March 31 2014.

Revenue grew to USD 16.89 billion in 2013, up from USD 14.7 billion in 2012, while the carrier's profit increased to USD 557 million in 2013, from a deficit of USD 1.74 billion in 2012. The company saw improvements across all segments - dry bulk, container, ferry operations, and maritime-related businesses.

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