M&A speculation swirls as EV Cargo unveils 'robust financial position'
EV Cargo has published improved financial results – but has remained tight-lipped about increasingly loud ...
© Darryl Brooks |
By Mike Wackett
Confirmation that container shipping lines are operating in the red came today with the release of Japanese ocean carrier ONE’s results for the past quarter.
In the second quarter of its fiscal year, ending 30 September, Ocean Network Express (ONE) saw net profit slump to just $187m from $5.5bn in same period of last year.
Moreover, ONE’s ebit for the period fell to just $58m, as voyage results slid into the red.
For the six-month period, ONE recorded a net profit of $700m, ...
Comment on this article