K Line has seen first-quarter net profit almost double compared to a year ago and anticipates an even better performance in the next quarter.
Net income for the April to June 2024 period was ¥72.5bn ($490m), against the ¥36.8bn achieved in the corresponding quarter last year.
K Line’s container ship segment saw ordinary income rise over 70% year on year to ¥41bn as the situation in the Middle East led to an increase in voyage days, congestion at major ports and a shortage of containers.
