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.

ONE forecasts $6bn profit for H1

Photo: ONE ONEboxesnew.jpg
Underscoring the huge turnaround in fortunes for containers shipping financially Ocean Network Express (ONE) booked a profit of $2.56bn for the first quarter ended 30 June 2021.

Reporting a 1,432% increase in profit over the same period in the previous year, ONE is expecting even better results in the current quarter ended 30 September with a forecast $6bn profit after tax for H1. Revenues for Q1 this year jumped 111% to $5.78bn.

“Whilst the current demand is rapidly increasing, the excessive strain on the entire global supply chain triggered by operational restrictions resulting from Covid-19 pandemic still remains,” ONE commented.

While sharp increases in volumes on some trades, port congestion and container shipping capacity issues have put stress on the global supply chain, container lines have benefited for a huge increase in freight rates.

ONE said that Asia-North America trade market volume from January to June increased by 40% year-on-year and by 27% compared to the same period of FY19 before the pandemic.

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.