Japanese carriers Mitsui Orient Lines, Nippon Yusen, and K-Line all published financial reports for their first quarter, which covers the period from April to June, and they all all finished the quarter with black numbers on the bottom line.

On the night before Tuesday, Japanese newspaper Nikkei had already leaked some of the carriers' key figures, and they turned out to be fairly accurate. According to Fearnley, the leaked figures were far better than the concensus of the market.