News / Mixed Q1 for Japan's container carriers as they battle overcapacity and volatile rates

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The three Japanese ocean carriers, K Line, NYK and MOL, have reported contrasting fortunes in the container shipping arms of their businesses in the first-quarter results for their fiscal year which began on 1 April.

K Line, the smallest, a member of the CKYHE alliance, said it had seen a “positive trend” in its containership business and an “upward trend in freight rates for Europe-bound routes that had long been low”.

In comparison, Japan’s second-largest shipping line, MOL, a member of the ...