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K Line in the black for the first halfK Line in the black for the first half

Kawasaki Kisen Kaisha (K Line) reported a $150.7m profit for the first half of its 2013 financial year, turning around from a loss in the same period a year earlier, but expects the second half to be more difficult.

Marcus Hand, Editor

October 31, 2013

1 Min Read
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K Line reported a $150.7m profit for the six-month period ended 30 September 2013, on revenues of $6.2bn.

K Line announced a slight improvement in its forecast for the year ended 31 March 2014, forecasting a net income of JPY16bn ($162m), compared to JPY14.5bn previously.

The revised forecast points to a poorer second half of the year for the company with it contributing just an additional $12m.

Explaining the forecast K Line said: “While on the one hand improvement is expected to earnings and expenses in conjunction with the market recovery for the dry bulk business, on the other hand the future of the European economy remains unclear and shipping rates have been lower than expected, even as new large vessels are coming online in the containership business.”

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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