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© Sheila Fitzgerald
By Mike Wackett
Japanese carrier ONE saw its net profit more than double in its fiscal first quarter, to 30 June, to $5.5bn, despite a decrease in its carryings.
It is perhaps a further sign that container lines may have enjoyed their best-ever quarter, but that demand has peaked.
Compared with the same period of 2021, ONE’s revenue was up 56%, to $9bn, from liftings of 2,939,000 teu, down 5% on the previous year, for an average rate of $3,069 per teu.
Rival OOCL’s operational numbers ...
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