News / More blank sailings and detours as ONE’s volumes, earnings, fall

ONE Freedom. Credit VesselFinder

ONE said today it would blank more sailings and detour more ships round the Cape of Good Hope, following falling cargo volumes and earnings from April to December last year.

Net profit for the September-December 2022 period alone had fallen 43% year on year, to $2.77bn. For the full year, ONE forecasts a net profit of $14.73bn, down 4% year on year.

Cumulatively, due to peak turnover in April to August 2022, ONE’s revenue for the first nine months of the fiscal ...