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

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