K Line has seen first-half net profit soar on the back of its containership business as short-term freight rates rose.
The Japanese shipowner saw its net income, for the April to September 2024 period, surge to ¥183.2bn ($1.18bn), against the ¥60.8bn achieved this time last year.
K Line’s container ship segment, operated by affiliate Ocean Network Express, saw its ordinary income quadruple year on year to ¥136.4bn,
