NYK Line has made an upward revision of its profit forecast in second quarter of the current fiscal year.
But it also faces an ¥18bn ($170m) extraordinary loss through the early termination of long-term capesize bulk carrier charter contracts.
The Japanese shipping company is attributing the upward forecast to a better than expected performance by its liner subsidiary One Network Express (ONE), a joint venture with Mitsui OSK Lines and K Line.
