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22 November 2019 The on-line newspaper devoted to the world of transports 08:29 GMT+1



October 31, 2019

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Original news
In the quarter July-september the revenues of Japanese ONE have grown of +4.9%

The period has been archived item with a profit clearly of 121 million dollars

The company of Japanese navigation Ocean Network Express (ONE) has closed the second trimester of fiscal year 2019, correspondent to the period July-september of this year, with revenues pairs to 3,11 billion dollars, an increment of +4.9% regarding 2,96 billion in the correspondent period of the exercise precedence. The profit clearly is piled to 121 million dollars respect to a net loss of -192 million dollars in according to trimester of fiscal year 2018. We remember that in the quarter July-september of this year the fleet of portacontainer of the ONE has transported volumes of loaded pairs almost 1,9 million teu, with a progression of +6.3% on the same period of 2018(on 22 October 2019).

ONE has announced that in the quarter July-september of the 2019 hires they have not reached the level attended from the company mainly because of the commercial tensions in existence between the USA and China and to a deterioration of the relationship between relative supply and demand to the marine routes with Europe. A positive contribution instead has reached from the cost reduction and the decrease of the prices of the bunker.

ONE is joint venture constituted in 2017 by the Japanese shipowning groups Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), than they stop respective respective 31%, 31% and 38% of the capital, in order to confer their activities to you in the segment of the containerized marine transport(on 31 May 2017).

The group "K" Linens has closed the second trimester of fiscal year 2019 with revenues pairs to 189,1 billion yen (1,7 billion dollars), with a bending of the -7% on the same period of the exercise precedence, with an operating profit of 7,0 billion yen (+568.5%) and with a profit of clearly 8,5 billion yen respect to a net loss of -5,3 billion in according to trimester of the precedence the fiscal year. The group MOL has totaled revenues pairs to 291,2 billion yen (- 8%), an operating profit of 5,2 billion (- 53%) and a profit of clearly 13,4 billion yen (+80%). In the period July-september of this year NYK has recorded revenues pairs to 418,3 billion yen (- 7%), an operating profit of 10,4 billion (+164%) and a profit clearly of 4,1 billion respect to a net loss of -3,1 billion yen in according to trimester of fiscal year 2018.

Vincenzo Miele



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