News / $586m loss hits ONE's parent carriers, only MOL manages to stay in the black 

ONE vessel
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Japanese merged carrier Ocean Network Express (ONE) recorded a net loss of $586m in its first year of operation, however it said it expected to move into the black in its second year. 

ONE, formed from the container businesses of K Line, MOL and NYK, was supposed to produce synergistic returns for ...

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  • Gary Ferrulli

    April 26, 2019 at 4:02 pm

    If they can make a profit after the first year debacle, something was very wrong with their transition plans and execution.

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Topics

financial results Japanese 3 K Line MOL NYK ONE