Japanese carrier Ocean Network Express (ONE) almost hit its target for profitability in the second quarter of its fiscal year, which ended 30 September, posting a positive result of $121m.
Thus, after six months, ONE is in the black to the tune of $126m, earned on revenue of $5.98bn.
It said cost reductions and the fall in bunker prices had mitigated the impact of a drop in liftings due to “US-China trade …
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Source: The Loadstar