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15 November 2018 The on-line newspaper devoted to the world of transports 19:38 GMT+1

October 16, 2018

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Original news
Clearly inferior to the waits the achieved economic results from ONE in the first semester of activity

Reorganized also the perspectives for the entire fiscal year anniversary 2018

They will be inferior to the precedence attended the economic results of the company of containerized navigation Ocean Network Express (ONE) relative to the first semester of fiscal year 2018, period that has been concluded 30th September and is begun on 1° April in coincidence with the start of the operating activity of the new company that is constituted by the Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) that they possess respective 31%, 31% and 38% of the capital and in which have made to meet the respective activities in the segment of the containerized marine transport(on 31 October 2016).

ONE previews to record the period April-september of this year with revenues pairs to 5,03 billion dollars respect to a volume of transactions of 5,44 billion dollars previewed previously. Moreover a loss after tax of -310 million dollars is attended respect to a loss of -38 million previewed previously. This although the cost of the previewed fuel previously were of 440 dollars/ton while the last forecast is based on an estimated price of the inferior bunker and pairs to 434 dollars/ton.

Such worsening of the forecasts is reflected also on the esteem for the entire fiscal year 2018 that will conclude next 31 March, exercise anniversary that the company considers to previously record with revenues waited for pairs to 11,00 billion dollars regarding 12,25 billion dollars. Moreover anniversary of -600 million dollars is previewed a net loss respect to a profit clearly of 110 million dollars previewed previously.

"K" Linens, MOL and NYK has explained that if on one side in the first half of fiscal year 2018 the determined sinergici effects from integration of the activities have been evidenced, from other ONE has recorded the impact negative determined from the decrease of the transported cargo volumes and of the bending of the caused rate I use quickly of the fleet from the problems evidenced after the start of the happened operating activity in April of this year. The three Japanese companies have specified that ONE has tried to recover the lost land in the course of the period of peak season from July to september, but are the transported volumes that the rate I use of the ships have remained inferior to the forecasts because of lasting of the impact negative on the services America Asia-North and those intra-asiati us that they constitute Core business of the company.

"K" Linens, MOL and NYK has assured that the problems that they have characterized the start of the services of the ONE already are resolved and that the new company is working intensely in order to recover the confidence of the customers and to ulteriorly improve the quality of the service. The three Japanese societies have specified that however it is the level of the transported cargo volumes is the rate I use of the fleet are still about to recovery and that the objective of an ulterior cost reduction in order to tackle to the increment of the prices of the bunker is previewed will turn out inferior to the waits precedence.

Currently the fleet of the ONE is constituted by 225 portacontainer for an ability to total hold pairs to 1,5 million teu, of which six ships of the unitary ability to about 20.150 teu, 21 portacontainer from 14.000 teu, from 10.100 teu, 37 ships of ten abilities comprised between 8.000 and 9.100 teu, 40 units of ability comprised between the 6.000 and 7.000 teu and remaining 111 ships of inferior ability to 5.900 teu.

ABB Marine Solutions
Consorzio ZAI
Salerno Container Terminal

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