News / More blank voyages as ONE expects a slide back into the red

Japanese carrier ONE has forecast a $49m loss for the current quarter, blaming weak demand following the Chinese new year.

To mitigate the soft booking outlook, ONE and its member partners of THE Alliance will blank further sailings in Q1.

The vessel-sharing group cancelled 12 voyages to Europe and 31 departures to North America in the final quarter of last year.

The merged container businesses of K Line, MOL and NYK scraped a $5m net profit in its third quarter (to 31 December) ...