Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.
MOL, NYK Line and “K” Line reported their financial results for the first half of 2015, which started in April, revising downward their full-year group revenue and profit forecasts.
The three companies said that the business environment surrounding the shipping industry remained challenging due to oversupply and sluggish demand, despite lower fuel prices and a weaker yen against the U.S. dollar.