Independent journal on economy and transport policy
18:20 GMT+1
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Japan's ONE ended the first quarter with a net loss of -27 million dollars
Mitsui O.S.K. Lines' quarterly net profit was also negative
April 30, 2020
In the first three months of this year, the period in which volumes containers carried by one's container carriers are decreased by -2.1% (20 April 2020), Ocean Network Express revenues increased by 5.0% to almost USD 3.0 billion compared to more than 2.8 billion in the January-March period of last year.
As of March 31, one's fleet consisted of 222 ships with a containerized cargo capacity of 1.57 millions of teu.
Meanwhile, the Japanese shipping group MOL, which owns 31% ONE's capital (NYK owns 38% and "K" Line, 31%), announced that it had completed fiscal year 2019, which ended March 31, with revenues of 1,155.4 billion yen (10.8 billion U.S. dollars), with a decline in the -6.4% on the previous fiscal year. Operating profit 23.8 billion yen (-37.0%) net profit at 32.6 yen (21.4%).
In the fourth quarter of fiscal 2019 alone, the group totaled a net loss of -15.9 billion yen on revenues of 288.1 billion yen compared to a profit 6.8 billion yen net on revenues of 291.8 billion yen January-March last year. Negative sign also operating profit of -524.0 million yen compared to an operating profit of 8.0 billion yen in the last quarter of fiscal 2018.
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In the first three months of this year, the period in which volumes containers carried by one's container carriers are decreased by -2.1% 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
