ONE Lifts Profit Forecast to $2 Billion as Earnings Surge

ONE lifts profit forecast to $2 billion as earnings surge

Higher freight rates and cargo volumes drive a sharp earnings rebound for Ocean Network Express, though the liner expects softer market conditions in H2.

ONE reports US$1,318 million net profit in second quarter of FY2026

Ocean Network Express (ONE) reported its financial results for the second quarter of FY2026, covering the period from 1 July to 30 September 2026. During the quarter, ONE generated revenue of US$6,274 million and recorded a net profit of US$1,318 million. This brings the total revenue for the first half…

ONE profits soar, thanks to surging rates and volumes

Ocean Network Express (ONE) has doubled its full-year profit forecasts to $2bn, after more than quadrupling its net profit for the three months to September, amid a surge in rates and volumes. Over the second quarter, July-October for the Singapore-based carrier, net profit hit $1.3bn, compared with just $285m, a year earlier, with revenue climbing 41% year on year, to $6.3bn. CEO Till Ole Barrelet said: “The second quarter delivered a strong ...

ONE lifts full-year profit outlook after strong second quarter

Ocean Network Express (ONE) reported a net profit of US$1.32 billion for the second quarter of FY2026, up from US$285 million in the same period last year. Revenue increased to US$6.27 billion from US$4.46 billion, supported by higher cargo volumes and stronger freight rates. EBITDA more than doubled to US$1.99 billion, while operating profit rose […]

ONE profit surges as liner player lifts whole-year guidance to $2bn

Singapore-based carrier posts $1.3bn quarterly net profit as congestion and weather soak up vessel capacity