ONE reduces deficit in the latest quarter

ONE landed a deficit in the latest quarter, which, despite everything, was slightly better than expected. However, this does not change projections for the year.

Photo: Ocean Network Express

Container consortium ONE, made up of Japanese liner companies MOL, NYK and K-Line, have landed a USD 179 million deficit in the third quarter, according to the carrier's report published Thursday.

Even though ONE has ended the quarter with a minus, the result is still an improvement compared with the projections announced in October, which forecast negative USD 218 million for the third quarter, according to the carriers' report published Thursday.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Exmar to develop CO2 tanker in joint venture

Transporting CO2 will become an important market as the green transition gathers momentum, expects Belgian Exmar, which aims to develop a CO2 tanker in collaboration with Lattice.

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs