Subscribe to RSS feedMixed fortunes in store for Japan’s top three carriers
JAPAN’s big three shipping lines face mixed fortunes when they report their annual results for the year to March 31, with only Mitsui OSK Lines set to remain profitable. The news follows the release of third-quarter results last week, which showed that a secure financial recovery was still elusive.
MOL lifted its full-year financial forecasts following what the carrier expected to be China’s continued strong demand for iron ore and coal imports together with a pick-up in the tanker market.
The shipping company forecast that net profit would climb...
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