An Astonishing 891% Profit Increase for ONE

In regards to the Fiscal Year (FY) Reports from April 2021 to March 2022, Singapore-based container line ONE has reported that they’ve had an 891% increase in the first half which totals to an estimated $6.76 billion.

Expressing that the demands within the global shipping supply of higher freight rates and container trade volumes has aided in their increase for the first half, ONE expects to reach an estimated $11.76 billion profit during the full fiscal year.

ONE released a report that stated, “Though the cargo demand is still strong, US$5 billion profit after tax would be expected for the FY2021 second half, taking into consideration some cargo volume decrease due to seasonal influences, such as Chinese New Year and so on.”