ONE records the first quarterly profit



The first trimester of the fiscal year 2019, period that has been concluded 30th june, has been the first quarterly period closed with an economic result clearly of positive sign from the company of Ocean navigation Network Express (ONE), that it has begun to operate on April 1°, 2018 and that has been born from the fusion of the activities of containerized marine transport of the shipowning groups Japanese "K" Linens, MOL and NYK that stop respective 31%, 31% and 38% of the capital.

In the period April-june of this year the revenues of the ONE have been pairs to 2,87 billion dollars, with an increase of +39.2% regarding 2,07 billion dollars in the first trimester of fiscal year 2018 when the company - for same admission of the ONE - had recorded remarkable difficulties in activating operatingly the Network of marine services of line and the business activities of the company. The first trimester of fiscal year 2019 respect to a net loss of -120 million dollars in the correspondent has been concluded with a profit clearly of 5 million dollars period of the exercise precedence.

In the period April-june of this year the fleet of portacontainer of the ONE has transported volumes of cargo pairs to a total of 1,8 million teu, with a progression of +43.7%, included 1,0 million teu (+36.2%) on the sun broken between Asia and the America North, of which 669 thousand teu on director eastbound (+26.2%) and 350 thousand teu on that westbound (+60.6%), and 783 thousand teu (+54.7%) on the routes between Asia and Europe, of which 460 thousand teu transported from the services directed towards Europe (+47.4%) and 323 thousand teu from those directing towards Asia (+66.5%). ONE has specified that the increase of the transported containerized volumes from the fleet on the transpacifiche routes has supplied the main one contributed to the increment of the revenues, than to a lesser degree has benefitted of the increase of the volumes transported on the Asia-Europe routes because of the decrease of the level of the hires.

If ONE has archived item the first trimester of the exercise 2019 with a useful respect to a loss in the same period of the exercise precedence so has been also for shareholders "K" Linens, MOL and NYK. In particular, Kawasaki Kisen Kaisha ("K" Linens) has closed the period with a profit of clearly 7,78 billion yen (72 million dollars) on revenues pairs to 183,81 billion yen respect to a net loss of -19,27 billion yen on revenues pairs to 212,18 billion yen in the period April-june of 2018. The operating profit has been of 4,05 billion yen respect to an operating result of sign negative for -13,37 billion yen in the exercise precedence.

The group Mitsui O.S.K. Lines (MOL) has concluded the first trimester of the fiscal year 2019 with a profit of clearly 12,27 billion yen and operating profit of 6,85 billion yen on revenues pairs to 283,15 billion yen respect to a net loss of -1,68 billion yen, an operating profit of 3,69 billion and revenues pairs to 304,4 billion yen in the same period of the exercise precedence.

Nippon Yusen Kaisha (NYK) has recorded a profit of clearly 9,14 billion yen, an operating of 5,47 billion yen on revenues pairs to 406,40 billion yen regarding results and clearly operating profit both of sign negative for -4,59 billion and -8,12 billion yen on revenues pairs to 464,89 billion yen in the period April-june of 2018.