ShippingWatch

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.

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs