The shipowner saw six month revenues rise 11% year-on-year to JOY 606bn, while operating income jumped 62% to JPY 19.7bn.
K Line’s liner arm saw revenues increase by 8.6% to JPY 294bn, but it could not prevent the division posting a loss of JPY 1.5bn.
The shipowner admitted carrying 9% lower volumes on its Asia Europe trades while volumes on the intra-Asia and North-South trades were down 20%.
In
