News / Carriers' great expectations for Q1 profits look set as rates bull run continues

Photo: ONE

The bull run for ocean carriers appears unstoppable, with profitability in the first quarter of the year looking to be even better than expected.

And notwithstanding continued disruptions in the supply chain, the traditional post-Chinese New Year slack season and sky-rocketing vessel operating costs, the liner industry looks set for another record profitable quarter.

Meanwhile, Japanese carrier ONE yesterday released its Q3 earnings for the period to 31 December and has upgraded its financial year profit forecast by $3.6bn.

ONE said at the ...