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20 February 2020 The on-line newspaper devoted to the world of transports 23:05 GMT+1



January 31, 2020

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Original news
Japan's ONE quarterly revenue falls while net profit rises

Deterioration of the level of the nols

In the third quarter of fiscal 2019, a period ended December 31, the company's revenues Ocean Network Express (ONE) Japanese shipping has decreased down -3.7% to US2.91 billion from 3.02 billion billions of dollars in the corresponding fiscal year period Previous. Recall that in the October-December quarter of 2019 volumes of containerized cargo transported by the company's container carriers decreased by -2.0% as 1.79 million teu ( 21 (January 2020). ONE filed the third quarter of the year fiscal 2019 with a net profit of five million dollars compared to a net loss of -179 million dollars in same period as the previous year.

The Japanese company has announced that the improvement in the net profit contributed costs to ship fuel lower than expected. In the third quarter of the fiscal year 2019 the average cost of the bunker was 417 dollar/ton, down -14.4%. In addition, ONE specified recorded a third quarter of the year deterioration in the level of wages in both traffic and traffic between Asia and North America and the trade between Asia and Europe.

ONE was formed by the merger of the shipping containerized shipping of Japanese companies Kawasaki Kisen Kaisha ("K" Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) 31%, 31% and 38% of the capital, and it has become operational April 1, 2018.

"K" Line filed the third quarter of the year 2019 tax rate with revenues of 194.8 billion yen (1.8 billion yen) -12.4%. Operating profit 10.6 billion yen, or 253.3%, and net profit at 8.9 billion yen compared to a net loss of -6.4 billion in corresponding period of the previous fiscal year.

For MOL, the third quarter of fiscal 2019 revenues of 292.9 billion yen (-9.1%), a profit 12.3 billion yen (-17.8%) and a net profit of 22.8 billion yen (up 59.0%).

NYK ended the same period with revenues of 428.5 billion yen (-8.6%), operating profit of 16.6 billion yen, or 89.9%, and a net profit of 5.5 billion yen compared to a loss -978 million yen in the third quarter of the fiscal year 2018.


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