Japanese ONE partners grow profits despite weaker revenue

The three Japanese shipping companies MOL, NYK and K Line all saw their revenue slide in the first three quarters of 2019. The companies all report growing profits for the same period, where container line ONE "showed a significant improvement."

Photo: Stringer Japan/Reuters/Ritzau Scanpix

The shipping companies behind container line ONE all saw their revenues slide in the first nine months of the financial year.

However, MOL, NYK and K Line – which in addition to ONE also operate in dry bulk and energy product transport – all report improved profits in the same period, show their interim reports.

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