• ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Japanese lines suffer in last quarter of 2011

   The Japanese ocean carriers MOL and NYK line suffered more than $300 million in collective losses from October through December, while “K” Line’s third-quarter loss passed $400 million, according to financial statements released Tuesday.
   MOL’s liner division incurred $155 in losses in its financial year third quarter (October through December).
   That was a huge change from the $98.4 million in profits the line made in the same period in 2010. Fiscal year third-quarter liner revenue fell 9.7 percent year-on-year to $1.7 billion.
   For the first three quarters of the financial year (April through December), liner losses were $297 million. Revenue fell 9.1 percent to $5.3 billion.
   NYK Line, meanwhile, had liner operating losses of $173 million in the October-December period. That was compared to a $91 million profit in the same quarter in 2010. Liner revenue in the third quarter fell 9.6 percent year-on-year to $1.3 billion.
   NYK didn’t release year-to-date figures for liner revenue or profits/losses.
   “K” Line said it fiscal year-to-date (April through December) liner operating losses were $409.3 million, compared to a $384.9 million profit in the second period in 2010. Liner revenue in its first three quarters was $3.9 billion, down 12.3 percent from the corresponding period in 2010. “K” Line didn’t release third-quarter revenue or profit/loss information.
   None of the lines released container volume information. — Eric Johnson

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