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News / ONE Q1 profit soars 3,000% on 2019, thanks to cheaper fuel and higher rates

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© Sheila Fitzgerald
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Japanese carrier Ocean Network Express (ONE) has kicked off the quarterly financial results reporting season with a $167m net profit for April-June.

Despite seeing liftings slump by about 20% on its Q1 of last year, to 2.67m teu, the merged carrier’s revenue declined by just 4.8% ...

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