K Line

The Ocean Network Express alliance of K-Line, MOL and NYK saw profits skyrocket in the fiscal third quarter.

Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.

“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.

Japans K-Line shipping company reported its fiscal first quarter earnings.

Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.

Member of THE Alliance is latest ocean carrier to experience financial difficulty amid a still volatile rate environment.

Japan’s third largest shipping company looks at all methods for compliance; MSC to add scrubbers on about one-tenth of fleet.