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

26/04/2019

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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