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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.

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