K-Line Leads Japanese Shipper Performance as Achieved Rates Rise — Panjiva
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K-Line Leads Japanese Shipper Performance as Achieved Rates Rise

Corp - Shipping 981 Earnings 730 Japan 605 Mode - Containerized 1475 Mode - Seaborne 1806

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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