News / ONE forecasts operating loss after it saw Q2 profits sink

© Darryl Brooks |

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, ...