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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Borr Drilling seeks capital in the US

Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.

Seaspan to supply container fleet with green fuels

Seaspan has a new strategy underway, through which the major tonnage provider plans to use its network to enter a number of a new business areas, with one area being delivery of green fuel to its customers.

Further reading

Related articles

Latest news

See all jobs