Profitability splits among Japan's big three

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By Gavin van Marle

31/10/2014

The half-year results are in for the three Japanese lines NYK, MOL and K Line, and it’s a mixed bag. K Line beats its profit forecast by just under 100%, benefitting from strong rates between Japan and North America; MOL saw its profits drop by 45% with slumping north-south volumes and port congestion in Asia denting earnings; and NYK was flat with cost cutting mitigating weak revenues

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Topics

K Line MOL NYK The Purse Strings Kuehne + Nagel

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