Ocean Network Express (ONE) has lifted its full-year forecast for the 2021 financial year to $15.4bn.

The bullish projection comes as the world’s sixth-largest liner operator reported third-quarter results nearly $1bn higher than the previous year.

The Japanese-owned company logged a profit of $4.9bn for the period from October to December, up from the previous year’s figure of $3.94bn.

That was largely due to ongoing strong demand and improvements in the freight market.