K Line has managed to reverse an interim loss of JPY 50.4bn ($446m) seen 12 months ago and post a profit of JPY 13.1bn.

Revenue for the first six months of 2017 showed a year-on-year increase of 17.9% to JPY 578bn, figures released Tuesday show.

Like its two larger compatriots, Mitsui OSK Lines (MOL) and NYK, it benefited from the improvements seen across most sectors of the shipping industry.