News / Revenue soars for Japanese lines in Q1 as they eye new alliance

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Ahead of their integration into the Ocean Network Express (ONE) next April, the container liner businesses of Japan’s NYK, MOL and K Line all produced improved results in the three months to 30 June – their financial first quarter.

NYK, the biggest of the trio, and with a 38% stake in the ONE alliance, saw its liner trade revenue leap 21.3% on the same period of 2016 to ¥171.5bn ($1.54bn) resulting in a 14.5% swing back into the black of ¥5.7bn ($5.1m).

MOL, which like K ...