News / Japan's container line trio all sail back into the black ahead of merger into ONE

The liner divisions of Japanese shipping groups K Line, MOL and NYK all posted positive contributions in the second quarter, ahead of their merger into the Ocean Network Express (ONE) next April.

Revenue for the container sector of K Line between April and September, which includes logistics and terminals, came in at ¥157.3bn (US$1.4bn) resulting in ordinary income of ¥2.9bn.

In the same quarter of the previous year, it reported a loss of ¥8.7bn on turnover of ¥124.7bn.

Year-on-year, K Line grew volumes by some 14% ...