Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Japan's Big 3 all post first half losses

Japan's Big 3 all post first half losses

Tokyo: After bumper profits a year ago, Japan's three major shipping groups all reported losses for the first half of the financial year ended September 30. MOL lost $108m compared to a $1.4bn profit for the same period in FY 2008, NYK Line lost nearly $319m versus an earlier profit of $991m and "K" Line lost $470m following a $555m profit. Of the three, only MOL still expects to show a net profit for the full year, of $22m, but this represents a major revision downwards of its previous estimate after its revenues for the first half  were down 43% on a year before.  [27/10/09]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.