Profits in the wake of faster containerships trump green concerns

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 …

The post Profits in the wake of faster containerships trump green concerns appeared first on The Loadstar.

Source: The Loadstar

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