Subscribe to RSS feedMOL pursues nine-fold income rise to counteract recession
by
Keith Wallis, Hong Kong
—
last modified
Jan 15, 2010 09:45 AM
MITSUI OSK Lines aims to make a ninefold increase in operating income a “top priority” as it seeks to overcome possible turbulence in the global shipping markets, the head of the Japanese shipping giant said.
MOL president Akimitsu Ashida said the company was forecast to generate operating income of just ¥10bn (US$107.6m) in the year to March 31. This compared with ¥204.5bn in the year to March 31, 2009.
Using the analogy of a ship’s...
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