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16 July 2019 The on-line newspaper devoted to the world of transports 04:03 GMT+2



January 31, 2019

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Original news
ONE has closed the last trimester of 2018 with a net loss of -179 million dollars

Bending of the economic results of shareholders "K" Linens, MOL and NYK

Ocean Network Express (ONE), the navigation company that has become operating on April 1°, 2018 and has been born from the fusion of the activities of containerized marine transport of the Japanese "K" Linens, MOL and NYK, has concluded the third trimester of fiscal year 2018, period who are finished 31st December, with revenues pairs to 3,02 billion dollars and a net loss of -179 million dollars, result this last one - it has evidenced the company - that is better regarding the forecast than an economic result clearly of sign negative and pairs to -218 million dollars formulated last October.

In the period October-December last year the fleet of portacontainer has transported almost 1,1 million teu on the transpacifiche routes, of which 746 thousand teu in the report eastbound and 320 thousand teu in that westbound, and it has transported 757 thousand teu on the routes between Asia and Europe, of which 442 thousand teu on the relation towards Europe and 315 thousand teu on the relation eastbound.

In the first nine months of the fiscal year the 2018 revenues of the ONE are piled to 8,05 billion dollars and the net loss to -490 million dollars. In the period the fleet has transported altogether almost 4,9 million teu, of which 2,9 million on the transpacifiche routes (2,0 million eastbound and 823 thousand westbound) and 2,0 million on the Asia-Europe routes (1,2 million westbound and 772 thousand eastbound).

In the third trimester of the fiscal year the shipowning society Kawasaki Kisen Kaisha ("K" Linens), that it possesses 31% of the capital of the ONE, has recorded revenues pairs to 222,4 billion yen (2,0 billion dollars), with a bending of the -27,1% on the correspondent period of the exercise precedence. The operating profit has been attested 3,0 billion to yen (+233.0%) and the result clearly has been of sign negative and pairs to -6,4 billion yen respect to a net loss of -3,9 billion yen in the third trimester of fiscal year 2017.

The shipowning society Mitsui O.S.K. Lines (MOL), that she stops also 31% of the capital of the ONE, has archived item the third trimester of fiscal year 2018 with revenues pairs to 322,3 billion yen (- 23.4%), with an operating profit of 14,9 billion yen (+12.9%) and with a profit of clearly 14,4 billion yen (- 10.8%).

The compatriot Nippon Yusen Kaisha (NYK), that she possesses 38% of the capital of the ONE, has closed the period October-December of 2018 with revenues pairs to 468,9 billion yen (- 17.2%), an operating profit of 8,8 billion yen (- 27.5%) and a net loss of -978 million yen respect to a profit of clearly 7,5 billion yen in the same period of 2017.

Evergreen Line
Vincenzo Miele



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