The Japanese carriers that make up Ocean Network Express (ONE) are optimistic they have turned a corner with the network, despite reporting a third quarter in which they continued to haemorrhage money.
MOL said ONE’s “operational teething problems” had impacted the line’s first-quarter performance, but stressed these had “shown significant recovery” in the third quarter.
However, MOL’s revenue fell 65%, year on year, over the three quarters.
It said: “Utilisation, which had been …
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Source: The Loadstar
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