International shipping company ONE lost $248 million in the third quarter

It is reported that Ocean Network Express (ONE), a Japanese sea carrier, reported an operating loss of US $248 million in the last three months of 2023, due to the drop in freight and the surge in delivery of newly built ships.

The airline is expected to turn a profit in the first quarter of 2024, following a sharp rise in freight rates caused by the Red Sea crisis, despite traffic of 3.1 million TEUs, up 17 percent year-on-year.

However, ONE's third-quarter revenue plunged 46% from a year earlier to $3.4 billion, with a pre-tax profit loss of $248 million and a net loss loss of $83 million.

ONE said that domestic consumption in North America is still strong, personal consumption is stagnant due to long-term inflation in Europe, and the uncertainty of the situation in the Middle East is increasing, so freight transportation has not yet fully recovered. "

According to Alphaliner's latest data, ONE has a fleet of 234 vessels with a capacity of 1.8 million TEUs. Among them, the last three of the six long-term charter 24,000 TEUs ships received this quarter are deployed between Northern Europe, Asia and Southeast Asia. It also has orders for 543,000 TEUs, including contracts for 12 13,000 TEUs methanol dual-fuel ships. 

日本国际海运公司ONE第三季度亏损2.48 亿美元

       据悉，日本海运承运人 Ocean Network Express (ONE) 报告称，2023年最后三个月的运营亏损为2.48亿美元，原因是运费下降和新造船舶交付量激增。

       继红海危机导致运价大幅上涨后，该航空公司预计将在2024年第一季度扭亏为盈。尽管运输量为310万标准箱，同比增长17%。

       但是， ONE 第三季度收入较上年同期暴跌46%，至34亿美元，税前利润亏损2.48亿美元，净亏损损失8300万美元。

       ONE 表示，北美的国内消费依然坚挺，欧洲的长期通胀导致个人消费停滞，加上中东局势的不确定性增加，货运尚未全面复苏。”

       根据 Alphaliner 最新数据，ONE拥有234艘船组成的船队，运力为180万标准箱。其中，包括本季度接收的6艘长期包租24,000标准箱船中的最后三艘，部署在北欧、亚洲和东南亚之间。它还拥有543,000标准箱的订单，其中包括12艘13000标准箱甲醇双燃料船的合同。