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Indiaexportnews.com

MOL announced a downward revision of its outlook for FY2009

  28.09.2009    

TOKYO's Mitsui OSK Lines (MOL) has announced a downward revision of its outlook of minus 7.94pc net profit loss in the second quarter of FY2009, ending March 31, 2010, from the minus 5.85pc decline forecast in late July.
MOL, rated the world's 12th largest container shipping line, blamed operating costs in the containership segment including bunker prices and terminal handling charges, which rose more than expected.
The company said it was reviewing the full-year outlook for FY2009, and plans to announce it when second quarter results are announced October 27. While operating costs were unexpectedly high, the company said freight rate recovery and trade volume growth were as anticipated, the Shipping Gazette informs.



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