Independent journal on economy and transport policy
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Decline in quarterly financial results of "K" Line and MOL. NYK's on the rise
The three Japanese shipping companies reported a decline in revenues in the April-June period
August 5, 2020
In the budget for the first quarter of fiscal 2020, compatriot Mitsui O.S.K. Lines (MOL) posted revenues of 251.5 billion yen (-11.2%), of which 57.6 billion yen in the Dry Bulk (-14.2%), 79.6 billion in the Energy Transport segment deals with the maritime transport of energy products (12.0%) And 92.9 billion in Product Transport (-22.3%) including 51.2 billions in the container carrier sector alone operated through the ONE (-12.6%). The operating result was a sign negative -5.1 billion yen compared to an operating profit of 6.8 billion in the first quarter of fiscal 2019. Ordinary profit was 7.4 billion (-47.5%), with a 0.4 billion from the Dry Bulk segment (-82.6%), 8.4 billion Energy Transport segment (up 39.1%) and with a sign negative -3.3 billion from the Product Transport segment including a 5.9 billion from the 234.35). MOL closed the April-June period 5.5 billion yen (-55.3%) in net profit this year.
In the first quarter of fiscal 2020, Japan's Nippon Yusen Kaisha (NYK) reported revenues of 361.2 billion yen (-11.1%), of which 164.8 billion in the transport segment (-15.5%), 112.9 billion in the logistics segment (-4.1%), 39.1 billion in the maritime transport segment containerized (-24.6%) 28.8 billion in the transport segment 62.8%). Operating profit amounted to 8.9 billion yen (63.6%). Ordinary profit was 16.5 billion (158.6%), with a negative contribution of -1.1 billion since bulk transport (-10.3%) and with positive inputs for 2.7 billion from logistics activities (up 2.7%), 6.7 billion billions from containerised shipping (4.7%) and for 9.3 air transport activities (13.8%). MOL has ended the April-June period of this year with a net profit 11.7 billion yen, or 27.8%.
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In the budget for the first quarter of fiscal 2020, compatriot Mitsui O.S.K. Lines (MOL) posted revenues of 251.5 billion yen (-11.2%), of which 57.6 billion yen in the Dry Bulk (-14.2%), 79.6 billion in the Energy Transport segment deals with the maritime transport of energy products (12.0%) And 92.9 billion in Product Transport (-22.3%) including 51.2 billions in the container carrier sector alone operated through the ONE (-12.6%). The operating result was a sign negative -5.1 billion yen compared to an operating profit of 6.8 billion in the first quarter of fiscal 2019. Ordinary profit was 7.4 billion (-47.5%), with a 0.4 billion from the Dry Bulk segment (-82.6%), 8.4 billion Energy Transport segment (up 39.1%) and with a sign negative -3.3 billion from the Product Transport segment including a 5.9 billion from the 234.35). MOL closed the April-June period 5.5 billion yen (-55.3%) in net profit this year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
