• ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
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    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
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    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
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    0.020
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  • TSTOPVRPM.LAXSEA
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  • WAIT.USA
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    -1.000
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  • ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
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  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • 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
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    0.020
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  • WAIT.USA
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American Shipper

Japan’s big 3 net big 2010 profits

Japan’s big 3 net big 2010 profits

   Japan's three major container lines on Thursday reported collective operating profits of more than $1.2 billion for their fiscal year 2010, a major recovery from the $1.8 billion they jointly lost in fiscal year 2009.

   The Japanese carriers report their financials according to an April 1 through March 31 fiscal year.

   MOL headed the trio in terms of liner shipping operating profit and revenue. The line netted operating profit of $469.3 million, compared to a loss of $608.8 million in 2009. Its liner revenue rose 26.1 percent to $7.1 billion (though the effect in dollar terms was higher because of the appreciation of the yen during the last 12 months).

   MOL's group revenue reached $18.6 billion, a 14.6 percent increase over 2009, while total operating profit was $1.5 billion, a fivefold increase over 2009 profit. MOL projects its liner profit in fiscal year 2011 will be nearly halved, to about $265 million.

   NYK Line's liner division made $402.3 million in operating profit in 2010, after losing $553.4 million in 2009. The liner business had revenue of $5.6 billion in 2010, a 22.2 percent increase over 2009.

   NYK Group revenue was $22.4 million, up 13.7 percent from 2009, while group operating profit was $1.4 billion after a loss of $19.4 million the previous year. The line didn't provide a specific forecast for 2011 for its liner business.

   'K' Line liner division operating profit was $350.4 million in 2010, after a loss of $702.4 million in 2009. Liner revenue increased 38.5 percent to $5.4 billion.

   Group profit was $704.9 million in 2010 after a loss of about $557 million in 2009. Group revenue increased 17.5 percent to $11.8 billion.

   None of lines have yet detailed their container volumes for the latest fiscal year.

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