Major ocean carriers set course for more-profitable routes
Ocean carriers constantly reassess network coverage to cope with the impact of demand fluctuations but, ...
© Khunaspix Dreamstime.
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
Comment on this article