The three Japanese container-lines all reported fiscal third quarter revenues that increased by as much as 18% on a year earlier. Growth was led by K-Line, which experienced a 7% increase in container-line volumes and implied 13% increase in rates. That was a better performance than its peers saw, and may explained its 7% outperformance of analysts’ expectations. Mitsui-OSK saw volumes improve, but achieved rates fell as was seen at Orient Overseas. NYK meanwhile had unchanged revenues, with logistics handling having struggled. The container-line industry will likely have seen calendar s...
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