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Maritime Market News

ONE first-quarter losses impact partners

Ngày đăng: 02/08/2018 | Lượt xem: 79

OCEAN Network Express, the container shipping joint venture set up by NYK, MOL and K Line, posted $120m net loss in its first quarter since starting operation in April.

The loss was mainly attributed to lower lifting volume caused by “teething problems that affected service quality during the operation start-up period”, ONE said in a briefing material.

The Japanese-owned, Singapore-based carrier was earlier hit by booking system issues owing to insufficient manpower and preparation of the administrative processes.

ONE’s revenue in the first quarter stood at $2.1bn, while combined liftings on transpacific and Asia-Europe westbound trades amounted to 842,000 teu.

The company forecast a gradual recovery in performance for the fiscal year to March 31, 2019.

The company estimated a net profit of $82m and $147m net in the second quarter and second half of the year.

HATS  

Chỉ số Thị trường

MARKET INDICATORS
  11- Sep 04- Sep CHG
HRDI 1,223 1,308 - 85
BDI 1,267 1,362 - 95
BPI - - - - - - - - -
BTI Clean 461 477 -16

 

EXCHANGE RATES
  11- Sep 04- Sep CHG
$-VND 23,270 23,270 0
$-EURO 0.843 0.845 -0.002
$-YUAN - - - - - - - - -
$-YEN - - - - - - - - -

 

BUNKER PRICES
  11 - Sep 04- Sep CHG
RTM 380cst 241 261 -20
 LSFO 0.50% 276 295 -19
MGO 311 331 -20

SGP

380cst 255 274 -19
 LSFO 0.50% 311 329 -18
MGO 326 358 -32