ONE’s First Report Card – Must Try Harder, Will Try Harder — Panjiva


ONE’s First Report Card – Must Try Harder, Will Try Harder

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

Japan’s big three shipping lines saw a 0.1% decline in revenues in their fiscal first quarter (calendar 2Q) vs. a year earlier including the first-time results of container-line Ocean Network Express (ONE). The downturn is in part due to a drop in utilization rates at ONE due to booking problems in April. Those resulted in a 12% drop in U.S.-inbound seaborne shipments in 2Q vs. a year earlier though the decline had slowed to 3% by June. Mitsui-OSK saw an improvement in its profitability vs. a year earlier but both NYK and K-Line saw a downturn while ONE suffered a 5.8% loss vs. revenues....

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.