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Japan's Big 3 turn corner in first half

Transportation

Wednesday, October 31, 2012

Japan’s big three container lines turned their fortunes around in the first half of the 2012 fiscal year, headlined by a $48.7 million operating profit for “K” Line. Collectively, the three lines (MOL, NYK Line and “K” Line) made around $20 million in the period from April 1 through Sept. 30 this year, although that number was somewhat dragged down by MOL’s $33.3 million operating loss on the liner side. However, MOL vastly reduced its operating loss , from $136.3 mill...

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