ONE reports soaring 2020 profits, but stays cautious on predictions for this year

Japanese container line ONE today reported a $3.5bn profit for 2020 – an astonishing leap from the $105m profit declared for 2019.
The earnings surge came on the back of a 21% increase in annual revenue, to $14.4bn, as the container shipping market rebounded in the second half of last year.
ONE said: “During Q4, global container volumes continued to increase due to a strong demand for consumer goods. Asia-North America trade …

The post ONE reports soaring 2020 profits, but stays cautious on predictions for this year appeared first on The Loadstar.

Source: The Loadstar

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