News Center Market Analysis
Hot Keywords
Japan's Big Trio Suffer Loss in April-June
Source:Japanese shipping giant

Japanese shipping giants K Line, NYK Line and MOL registered losses for the first quarter of 2018 fiscal year covering the period from April 1 to June 30.

K Line's net loss stood at JP¥19.2 billion for the period compared with a profit of JP¥8.5 billion in the same quarter of 2017. Besides, the company's operating revenues for the period came at JP¥212.1 billion, down compared with JP¥287.4 billion for the same period of a year earlier.

NYK Line recorded a net loss of JP¥4.59 billion for the period from a profit of JP¥5.39 billion in the same period of 2017. In addition, the company's consolidated revenues totaled JP¥464.8 billion, a huge drop from JP¥521.7 billion for the same period of the previous fiscal year.

Additionally, MOL booked a net loss of JP¥1.6 billion against a net income of JP¥5.2 billion a year ago. Its revenue of JP¥304.4 billion was also lower when compared to the JP¥403 billion revenue from last year.

All the three companies ascribed their losses to the launching of Ocean Network Express (ONE) in April and the rise in oil prices. As disclosed, the costs related to ONE's launching were higher than expected.

< Back to News Center< Market Analysis
Latest Ship News
Hottest Ships
Ship Type
Built Year
Built Place
Bulk Carrier
2004 Built
Bulk Carrier
2010 Built
Bulk Carrier
2006 Built
Full-revolving Crane
2011 Built
Trail Suction Hopper Dredger
2014 Built
Home About Us Contact Us Help Center Advertising

Copyright © 2006-2017 沪公网安备 31011502007808号 沪ICP备17049160号 经营许可证编号:沪B2-20180166 All Rights Reserved