K Line

ONE forecast to make a notable loss

Notice of Revisions in First Half and Full Year Consolidated Business Forecasts of Integrated Container Shipping Operating Company Ocean Network Express Pte. Ltd.

Ocean Network Express Holdings, Ltd. (hereinafter referred to as “ONE Holdings,” which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha (hereinafter referred to as “the three parent companies”) as a holding company for the integration of the three parent companies’ container...

http://container-news.com/one-forecast-make-notable-loss/

ONE container carrier network now predicting loss of $600m in its first year

Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, as it struggles to “restore the trust of customers” after the chaotic April launch.
ONE has alerted shareholders of K Line, MOL and NYK to a $310m loss for the half-year period to 30 September.
Moreover, the merged carrier network has drastically revised its forecast of a full-year profit of $110m to a loss of $600m, which would see it sink …

The post ONE container carrier network now predicting...

https://theloadstar.co.uk/one-container-carrier-network-now-predicting-loss-600m-first-year/

K Line to use various measures to comply with 2020 sulphur cap

In its report for 2018, K Line describes its plan to comply with the 2020 sulphur cap regulation. The company said that it will proceed by a ship-by-ship basis, as it plans to use a range of compliance methods.

As K Line specifically said in the report:

We will use low-sulfur fuel, install SOX removal equipment, convert fuel to LNG and otherwise proceed with optimal measures on a ship-by-ship basis.

Currently, rules regarding sulphur concentration in marine fuel are attracting particular...

https://safety4sea.com/k-line-to-use-various-measures-to-comply-with-2020-sulphur-cap/

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