Rise of the quarterly economic results of the Japanese "K" Linens, MOL and NYK



In the third trimester of fiscal year 2017, period that has been concluded 31st December, the Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have recorded an improvement of the economic results regarding the correspondent period of the fiscal year precedence, rise to which has contributed also the increase of the results achieved in the segment of the containerized marine transport, activity field in which the three companies have decided to join the forces constituting joint venture Ocean Network Express (ONE) that it will start own operating phase the next 1° April with the activation of own Network of line services ( on 7 July and 18 Decembers 2017).

In the quarter October-December of 2017 "K" Linens has totaled revenues pairs to 305,1 billion yen (2,8 billion dollars), with a progression of +13% on the same period of the year precedence. The operating profit is piled to 901 million yen, respect to an operating result of sign negative for -8,3 billion yen in the last trimester of 2016, and the economic result clearly has been of sign negative for -3,9 billion yen respect to a net loss of -4,1 billion yen in the last trimester of fiscal year 2016.

To the single relative voice to the economic results generated from the activity of own fleet of portacontenitori ships "K" Linens it has marked revenues pairs 153,7 billion yen (+14%) and an ordinary economic result of sign negative for -2,0 billion yen respect to a result also it of sign negative for -2,9 billion yen in the fourth trimester of fiscal year 2016.

"K" Linens has announced that in the first nine months of the fiscal year the 2017 transported containerized volumes from the ships operated from the company on the main routes of traffic have recorded an increment of +1% on the first nine months of the fiscal year precedence relatively to the services America Asia-North and an increase of +14% relatively to the Asia-Europe services. The increase of the volumes transported from the services intra-asiati us has been of +10% about, while a decrease of the -3% relatively to the services North-South is accused.

The compatriot MOL has closed the last trimester of fiscal year 2017 with revenues pairs to 420,8 billion yen (+14%), with an operating profit of 13,2 billion yen, respect to an operating result of sign negative for -58 million yen in the same period of the exercise precedence, and with a profit of clearly 16,1 billion yen (+443%).

In the single segment of the containerized marine transport the revenues of MOL have shown an increment of +25% having gone up to 193,2 billion yen and the ordinary profit has been of 3,8 billion yen respect to a result of sign negative for -4,8 billion yen in the last trimester of 2016.

MOL has specified that in the first nine months of the fiscal year the 2017 relative question of containerized transport to the transpacifiche marine routes America Asia-North is continued to grow and the cargo volumes with Asia origin have marked a quota record. In rise also the volumes on the Asia-Europe routes they also on the wake of traffics records originated in Asia.

In increase pure the economic results of the group NYK that has archived item the third trimester of fiscal year 2017 with revenues pairs to 566,3 billion yen (+16%), an operating profit pairs to 12,1 billion yen (+74%) and a profit pairs to clearly 7,5 billion yen (+102%).

In the field of portacontainer the revenues of the NYK they have recorded an increase of +18% having attested itself to 176,8 billion yen and the ordinary profit has been pairs to 3,9 billion yen (- 1%). Also the NYK has confirmed that in the first nine months of the fiscal year the 2017 transported volumes of container on the main East-West routes have shown a decided increase and in increase has turned out also the value of the hires with the exception of the hires ad on which - it has explained the Japanese company - has had an impact negative the excess of ability generated from the breaking in on the market of new ships.