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K Line lost the most money in the first half of the year out of Japan's 'Big three' public shipowners Photo: Ocean Network Express

K Line posts $217m loss in first six months

Smallest of Japan’s ‘big 3’ suffers the most due to liner joint venture’s poor performance and high bunker prices.

31 October 2018 6:22 GMT Updated 31 October 2018 6:42 GMT

By Dale Wainwright

K Line has reported the worst performance among Japan’s ‘big three’ public owners posting a first half loss of JPB 24.6bn ($217m).

The latest result marks a dramatic reverse from a year ago when the company was able to book a net profit of JPY 13bn.

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