Ocean Network Express (ONE) has reported revenue of $5.8 billion, up 65 per cent from the same quarter last year.
The company registered a net profit of $1.99 billion year-on-year (YoY), with an EBIT of $1.86 billion.
The Asia-North America and Asia-Europe trades have experienced strong demand, driven by consistent consumer demand and an early peak season in July and August.
In addition, early shipments in the North American trade are in response to potential supply chain disruptions.
For the full-year forecast for FY2024, net profit guidance is revised to $3.1 billion from $2.7 billion which was announced on 31 July.
READ: ONE unveils Northern Europe/Mediterranean routes
Jeremy Nixon, CEO of ONE, said: “In addition to the current geopolitical situation, the industry faces added uncertainty around the final outcome of the USA elections and USEC port labour situation.
“ONE will continue to closely monitor evolving macro conditions and maintain an agile and effective control of its global operations and customer service delivery performance, including a successful launch of the new Premier Alliance E-W network from January.”
Earlier this month, ONE released its Sustainability Report 2024, summarising its sustainability commitments and initiatives from 1 January 2023 to 31 March 2024.
