News / ONE enjoys huge profit rise – every eastbound transpac ship full

ID 191733280 © Sheila Fitzgerald | Dreamstime.com

Japanese container line ONE today reported its Q2 24 interim results that showed huge increases in profitability on the back of increased volumes and tightened supply, and vessel utilisation levels consistently at 90%-plus levels.

The carrier recorded a second-quarter revenue of $3.54bn, with volumes up 7%, to just over 3.3m teu across all its trades, while profits soared – Q2 EBITDA of just under $2.4bn was some 447% higher year on year, while its EBIT, of $1.87bn, was a staggering 5.916% ...