Japanese giant K Line has slipped to a loss in the year to 31 March as its new containership venture with NYK and MOL hit the bottom line.
The company said the net deficit was JPY 111bn ($99m), against a JPY 10bn profit in the previous 12 months.
Revenue declined to JPY 837bn from JPY 1.62 trillion.
Bulkers saw profit grow to JPY 4.4bn
