Full-year results for FY2023 expected to show a profit after tax decrease from last year
Despite the start of the peak season, there was no strong recovery in cargo movement. The supply-demand balance softened due to an increase of newly built vessels, and short-term freight rate levels did not sustain their upward trend. The profit after tax for FY2023 Q2 was US$187 million, significantly lower than the same period last year. In North America, cargo movement showed some
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