Just as Japan’s K Line started to predict a weakening of container ship markets, bulkers have stepped up to prompt a big revision to its profit outlook.
The giant shipowner has raised its net earnings forecast for the year ending 31 March 2023 by ¥230bn ($1.66bn) to ¥690bn.
This is up 50% from its May guidance, when K Line cut 30% off the prediction in anticipation of lower boxship profit.
