First quarter operating profits soared by 686% for K Line as its joint container line unit with other Japanese carriers recorded a “significant business performance improvement”.

K Line said it made an operating income of ¥18.9bn in the three months to the end of June 2022, up from ¥2.4bn in the same period of 2021.

Group operating revenues rose to ¥228.5bn, from ¥174.7bn, as the company said it also made overall year-on-year increases in revenue and profit from its bulk carrier and tanker operations.