04.11.2020
Artikel Nummer: 33928
ONE improves results significantly
The wave of good news from carriers continues. Japan’s Ocean Network Express (ONE) reported a profit leap of 326% for the second quarter of its fiscal year 2020, which runs from April 1 to March 31.
The Singapore-based container carrier said its Q2 profit came to USD 515 million, in comparison to USD 121 million in Q2/2019. With its 224 vessels, the Japanese network was able to reduce costs and improve profitability.
ONE said the competitiveness of The Alliance, its cooperation with Hapag-Loyd, Yang Ming and HMM, further strengthened its financial results. However, ONE did not disclose its estimated results for the rest of the fiscal year. (cd)