ONE Love From Customers Still Returning As Outlook Worsens — Panjiva


ONE Love From Customers Still Returning As Outlook Worsens

Corp - Shipping 610 Earnings 365 Global 723 Mode - Containerized 1006 Mode - Seaborne 1275 Theme - Rates 141

Container-line Ocean Network Express has warned that its revenues for the current fiscal year (through March 31 2019) will be 11% lower than it previously expected and it now expects to make a significant loss rather than a profit. ONE’s problems are not new and stem from “teething problems” with IT experienced at its launch in April. That’s led to it underperforming its peers with an 8% drop in China-to-U.S. volumes in the fiscal first half year (through September 30) vs. a year earlier compared to a 3% increase for all container-lines. The company insists improvements are underway thou...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.