Figures released Friday by the smallest of Japan’s big three shipowners showed K Line achieved net income of JPY 21.2bn ($193.5m).

This compares with a forecast made at the end of July of JPY 11bn and the year ago result of JPY 14.7bn, increases of 92% and 43.7% respectively.

Revenue for the first half of the year was up 8.7% to JPY 659.7bn,