MOL containership profit triples as ONE earnings strengthen

Mitsui O.S.K. Lines (MOL) reported a sharp increase in containership earnings during the first half of its 2026 fiscal year, supported by stronger profitability at Ocean Network Express (ONE), elevated freight rates and continued capacity constraints across major container shipping routes.

The Japanese shipping group’s containership business generated ordinary profit of ¥73.4 billion for the six months ended 30 September 2026, compared with ¥23.9 billion in the corresponding period last year, representing an increase of 206.2%.

Revenue from the segment rose 23.4% to ¥54.3 billion, while MOL recorded ¥64.1 billion in equity-method earnings from ONE, reflecting the carrier’s improved financial performance.

According to MOL, container spot freight rates remained elevated, particularly on Asia-North America routes, where sustained cargo demand and congestion at major Asian ports continued to restrict effective vessel capacity.

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