Ocean Network Express (ONE), a Japanese-owned alliance operating 216 containerships, reported a stellar financial performance for the first quarter of its fiscal year in a boom market that shows every sign of overheating.
ONE profit soared to $2.56bn in the first quarter of the year, from a mere $167m in the same period of its 2020 fiscal year.
The liner operator expects to have fared even better in the second quarter.
