Ocean Network Express (ONE) has unveiled its results for the financial year (FY) 2023, starting in April 2023 and ending in March 2024.
During this period, the company’s revenue reached US$14.5 billion, reflecting a 50% decrease compared to the previous year. The net profit stood at US$974 million from an astonishing US$14 billion profit in FY 2022.
“The short-term freight rate market continued to decline due to sluggish cargo movements and pressure from supply side as new vessel deliveries...
https://container-news.com/ones-profit-falls-short-of-us1-billion-mark-in-fy-2023/