Japanese ocean carrier ONE recorded a net profit of $944m for its third quarter, October-December, and expects to see profits of $2.5bn for the full year.
That would represent an astonishing 172% upgrade on its November guidance, thanks to huge hikes in freight rates hitting the carrier’s bottom line.
Moreover, it would appear that ONE is being conservative with its $900m net profit Q4 forecast for January to March, given the impact …

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Source: The Loadstar