MOL back in the black, but containers still a worry

default_image

© Khunaspix Dreamstime.

By Mike Wackett

30/04/2014

Japan’s MOL has returned to profit in its fiscal year ending 31 March 2014 earning net income of $589,000, compared with a $171,500 deficit the previous year.

However, the improvement did not come from MOL’s container business, rather from its other sectors, and in its review to accompany the accounts, it repeats an oft-heard sorry story of supply and demand imbalance.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

MOL blanked sailings coronavirus financial results K Line NYK ONE

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Hong Kong drops out of world's top 10 busiest container ports

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Bottlenecks and price hikes as airlines now avoid Iran airspace

Capture of MSC Aries will further drive up Indian export costs

Iran may now pose a threat to multimodal supply chains via Dubai

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Looks like rain: Panama Canal Authority eyes return to normal service

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC

Sustainability concerns don't show on shippers' procurement radar

Talk of Schenker, Flexport et al – and a meagre lunch for forwarders

CMA CGM Air Cargo finally launches transpac services