Shipping & Freight #shipping#ocean-lines
Strong finish: Ocean lines raise profit outlook by 200%
Ocean Network Express (ONE) raised its full-year profit forecast by 200% to $900 million after Q1 FY2026 revenue rose to $4.539 billion, even as net profit fell to $31 million on higher fuel costs. Average freight rates climbed to $1,300/TEU and volumes grew to 3.257 million TEUs, while bunker prices jumped to $666/ton, according to FreightWaves.
Aug 4, 2026 1 source