News / ONE container carrier network now predicting loss of $600m in its first year

16/10/2018

Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, as it struggles to “restore the trust of customers” after the chaotic April launch.

ONE has alerted shareholders of K Line, MOL and NYK to a $310m loss for the half-year period to 30 September.

Moreover, the merged carrier network has drastically revised its forecast of a full-year profit of $110m to a loss of $600m, which would see it sink towards the bottom of the carrier profitability league table.

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Howard Schweizer
October 16, 2018 at 4:55 pm
The comments from ONE Management acknowledging they have a problem are an encouraging sign that someone is paying attention.
Unfortunately this has not translated to their actual Sales Group who are still not addressing the abandoned customer issues.

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Imran solanki
October 17, 2018 at 4:24 am
Not specified what is the reason po f falling one line…..

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ex customer
October 17, 2018 at 4:02 pm
If the management team really believe they are back on track proves they have no idea what is going on in Europe or USA. Awful customer service and no one cares.

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