Independent journal on economy and transport policy
07:24 GMT+1
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The Japanese "K" Linens, NYK and MOL have introduced the results of fiscal year 2018
Their joint venture containerized ONE has concluded the exercise with a net loss of -586 million dollars
April 26, 2019
The shipowning group Japanese Nippon Yusen Kaisha (NYK) has closed the fiscal year 2018, exercise conclusosi, with revenues pairs to 1.829, 31st March 3 billion yen (16,4 billion dollars), with a decrease of the -16,2% on the fiscal year precedence, with an operating profit of 11,1 billion yen (- 60.2%) and with a net loss of -44,5 billion yen respect to a profit of clearly 20,2 billion yen in fiscal year 2017.
Also the compatriot Kawasaki Kisen Kaisha ("K" Linens) has archived item the fiscal year 2018 in loss with an economic result of sign negative pairs to clearly -111,2 billion yen respect to a profit of clearly 10,4 billion yen in the fiscal year precedence. The revenues have totaled 836,7 billion yen (- 28.0%) and the operating result has been of sign negative and pairs to -24,7 billion yen respect to an operating profit of 7,2 billion yen in fiscal year 2017.
The shipowning group Japanese Mitsui O.S.K. Lines (MOL) has concluded fiscal year 2018 with revenues down of the -25,3% being piled to 1.234, 1 billion yen regarding 1.652, 4 billion yen in the fiscal year precedence. The operating profit has attested to 37,7 billion yen (+66.3%) and the profit to clearly 26,9 billion yen respect to a net loss of -47,4 billion yen in fiscal year 2017.
Fiscal year 2018 of the three main shipowning groups Japanese "K" Linens, NYK and MOL is characterized by the entrance in activity of their joint venture Ocean Network Express (ONE) that it is participated respective to 31%, 38% and 31% from the three companies and that has begun to offer services of containerized marine transport from on April 1°, 2018. The three shipowning groups have remembered that the start of the operating activity of the ONE has been difficult, with ill services that they have determined a reduction of the cargo volumes transported from the fleet regarding the waits, situation that is begun to improve in according to trimester of the fiscal year. For ONE fiscal year 2018, that it is the first exercise anniversary of the new company in the course of which the fleet has transported 6,6 million containers(on 24 April 2019), one has concluded with a net loss of -586 million dollars on revenues pairs to 10,9 billion dollars.
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The shipowning group Japanese Nippon Yusen Kaisha (NYK) has closed the fiscal year 2018, exercise conclusosi, with revenues pairs to 1.829, 31st March 3 billion yen (16,4 billion dollars), with a decrease of the -16,2% on the fiscal year precedence, with an operating profit of 11,1 billion yen (- 60.2%) and with a net loss of -44,5 billion yen respect to a profit of clearly 20,2 billion yen in fiscal year 2017.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
