Japan's K Line has posted a loss in the first nine months of its financial year as containership operations disappointed.

The net deficit to 31 December was JPY 31bn ($285m), compared to profit of JPY 9.3bn in the same period of 2017.

Revenue was cut to JPY 638.5bn from JPY 884bn.

Bulkers moved from break-even in 2017 to a profit of JPY 3.5bn,