K Line has slashed its profit forecast for next year by almost 30% as it anticipates a weaker performance by its container ship segment.
The Japanese shipowner made the forecast Monday as it announced a full-year net profit for 2021 of ¥642.4bn ($4.9bn) a near six-fold increase on the ¥108.7bn seen the previous year.
The company said it expected the container ship market to “normalise somewhat” in 2022 due to the easing of supply chain disruptions.
