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20 May 2022 The on-line newspaper devoted to the world of transports 11:39 GMT+2



April 28, 2022

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Original news
In the year ending March 31, ONE's revenues were up by +109.1%

Net income was $16.8 billion (+380,9%)

Strengthened by the exceptional positive trend of the market of the containerized maritime transport, the shipping company Ocean Network Express (ONE) closed the 2021 fiscal year, ended on March 31st, with the best financial results of one's own young story that began in the middle 2017 from the merger of container transport activities by sea of the Japanese "K" Line, MOL and NYK.

In the period April 2021 - March 2022 the revenues of ONE are more which doubled (+109.1%) being amounted to 30.1 billion dollars compared to $14.4 billion in fiscal 2020. EBITDA and operating profit increased respectively of +276.5% and +347% settling at 18.3 billion and $17.2 billion. Even more accentuated is was the growth in net profit which was equal to almost 16.8 billion dollars (+380.9%). Very limited, however, the increase in the volumes of containerized cargo transported in fiscal year 2021 from the fleet of the Japanese company which were equal to less than 12.1 million teu (+0.8%).

The fourth quarter of fiscal 2021 alone recorded record financial results starting from revenues that, with 8.43 billions of dollars, have marked a rise of +78.5% on the period January-March last year. EBITDA was 5.50 billion (+147.6%), EBIT of 5.2 billion (+167.8%) and net profit of 5.11 billion dollars (+174.9%).

As of 31 March, ONE's fleet consisted of 205 container ships for a total load capacity of over 1.5 million teu. Over the next three years, the company will take delivery of four new ships of 12,000 teu around the middle of the fiscal year just begun, to which will be added four units of 15,000 teu and six from 24,000 teu during the fiscal year 2023 and therefore six ships from 15,000 teu and ten from 7,000 teu in the following fiscal year.









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