{"id":97898,"date":"2023-02-01T09:17:39","date_gmt":"2023-02-01T02:17:39","guid":{"rendered":"https:\/\/advantage.vn\/?p=97898"},"modified":"2023-02-01T09:17:39","modified_gmt":"2023-02-01T02:17:39","slug":"one-revenues-and-profits-plunge-in-last-quarter-of-2022","status":"publish","type":"post","link":"https:\/\/advantage.vn\/en\/one-revenues-and-profits-plunge-in-last-quarter-of-2022\/","title":{"rendered":"ONE revenues and profits plunge in last quarter of 2022"},"content":{"rendered":"<p><strong>Singaporean container line Ocean Network Express (ONE) saw a significant drop in its revenues, earnings and profits during the third quarter of its fiscal year 2022 (October &#8211; December), compared with the same period last year.<\/strong><\/p>\n<p>In particular, ONE&#8217;s revenue fell to US$6.25 billion, earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased to US$3 billion, earnings before interest and taxes (EBIT) declined to US$2.73 billion, while the company&#8217;s profit dropped to US$2.77 billion.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-97903 aligncenter\" src=\"https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-Advantage-Logistics-e1675217764138.jpg\" alt=\"ONE\" width=\"600\" height=\"149\" srcset=\"https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-Advantage-Logistics-e1675217764138.jpg 600w, https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-Advantage-Logistics-e1675217764138-300x75.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>&#8220;The short-term freight rate market deteriorated sharply from the second quarter of the fiscal year (July &#8211; September) due to a further softening of the supply-demand balance resulting in a sharp fall in profitability,&#8221; commented ONE in its announcement.<\/p>\n<p>Additionally, during the period October &#8211; December 2022 period, ONE moved 2.6 million TEUs, translating to a year-on-year 10% decrease.<\/p>\n<p>&#8220;Cargo demand decreased especially in East-West trades mainly due to the increase in inventories in North America which became clearer in July and August, and a decline in consumption in Europe due to progressive rising inflation,&#8221; pointed out ONE, adding that &#8220;on the supply side, global port congestion improved, resulting in an increase in tonnage supply.&#8221;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-97905 aligncenter\" src=\"https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-containers-Advantage-Logistics-e1675217808727.jpg\" alt=\"ONE-containers\" width=\"600\" height=\"203\" srcset=\"https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-containers-Advantage-Logistics-e1675217808727.jpg 600w, https:\/\/advantage.vn\/wp-content\/uploads\/2023\/02\/ONE-containers-Advantage-Logistics-e1675217808727-300x102.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>According to the full-year forecast of the Singaporean container shipping company, ONE expects full-year revenue of US$29.14 billion, EBITDA of US$16 billion, EBIT of US$14.74 billion and profit of US$14.73 billion.<\/p>\n<p style=\"text-align: right;\"><strong>Container News<\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><strong>&gt;&gt; Other news:\u00a0<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/vi\/?p=86714\">Vietnam unveils plans for US$1.5 billion-worth container shipping flee<\/a>t<\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/vi\/?p=86689\">Port of Los Angeles completes best first quarter in its history<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/vi\/?p=86673\">Evergreen dismisses claim its box ship orders could fund Chinese military<\/a><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/vi\/?p=86647\">CMA CGM Group strengthens strategic logistics development with GEFCO acquisition<\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><strong>&gt;&gt; 4 main types of services of Advantage Logistics:\u00a0<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/entrusted-export-import\/\">Entrusted Export \u2013 Import<\/a><br \/>\n<\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/customs-clearance\/\">Customs Procedure<\/a><\/strong><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/domestic-and-foreign-transport\/\">Domestic And International Transport<br \/>\n<\/a><\/strong><\/span><\/li>\n<li><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/warehousing\/\">Warehousing<\/a><\/span><br \/>\n<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"color: #ff0000;\"><em><strong>&gt;&gt;\u00a0<\/strong><\/em><strong>Our contact:<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong>Address:<\/strong>3rd Fl., 55 Nguyen Van Giai Str., Dist 1, HCMC, Vietnam.<\/li>\n<li><strong>Email:<\/strong>\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"mailto:nicky@advantage.vn\">nicky@advantage.vn<\/a><\/span>\u00a0\/<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" href=\"mailto:truc@advantage.vn\">truc@advantage.vn<\/a><\/span><\/li>\n<li><strong>Hotline (cell\/ zalo\/ viber):<\/strong>\u00a00909.054.866 (Mr.Quy\u1ec1n) \/ 0938.444.043 (Mr.Tr\u1ef1c)<\/li>\n<li><strong>Web:<\/strong><span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/advantage.vn\/\">https:\/\/advantage.vn<\/a><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Singaporean container line Ocean Network Express (ONE) saw a significant drop in its revenues, earnings and profits during the third [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":97901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[977,396,4949,4947,4948],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ONE revenues and profits plunge in last quarter of 2022 - Advantage Logistics<\/title>\n<meta name=\"description\" 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