Mitsui OSK Lines (MOL) has slashed its profit forecast for next year by almost 30% due to fears over an economic slowdown and the impact from the war in Ukraine.
Japan’s largest-listed shipowner expects full-year net profit to be around ¥500bn ($3.8bn), in figures released Thursday.
“In the fiscal year ending March 2023, there is a risk that our company's businesses will be affected by factors such as the risk of an economic downturn caused by increasing global inflation and fluctuations in transportation demand resulting from the Russia-Ukraine situation,” the shipowner said
“In the dry bulk carrier and energy transportation business, our...
