Japanese carrier ONE has said its ships have raised their speed, increasing fuel consumption and pollution, to take advantage of higher demand.
THE Alliance carrier and its partner Hapag-Lloyd have both reported stellar profits for the second quarter.
ONE posted net profits of $2.6bn for its fiscal Q1, while Hapag-Lloyd reported an estimated ebit of $2.2bn, in preliminary results.
This comes despite the Singapore-based Japanese line noting increased costs, “due to faster vessel …

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Source: The Loadstar