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All three ONE partners turn deficits into profits

Despite revenue setbacks, the three partners behind liner company ONE have turned deficits into profits in the first quarter. The container business is making a small profit, but other segments also improved.

Photo: Stringer Japan / Reuters / Ritzau Scanpix

The three partners behind container shipping line ONE – Japan's K-Line, MOL and NYK Line – all report positive results for the first three months of the financial year.

For K-Line, a deficit of USD 182 million in the same period last year was replaced by a profit of USD 72 million, for NYK the operating profit went from a loss of USD 76 million to a profit of USD 52 million.

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