News / ONE reports $16.8bn profit for past year, but says the outlook is uncertain

Japanese ocean carrier ONE has reported a record net profit of $16.8bn for its financial year ending 31 March – but for the full-year 2022, its outlook is beset with uncertainties.

Overall,  liftings were flat, at 12.1m teu, mainly due to port congestion on the US west coast, which saw volumes from Asia to North America plunge by 412,000 teu, to 2.35m teu.

However, this reduction in liftings on the transpacific was mitigated by increased carryings on other trades, including 156,000 more ...