Reported about 9 hours ago
Japan's leading ocean shipping companies have reported a significant decline in profits for the second quarter of 2025, attributed to the impacts of the U.S. tariff war. Ocean Network Express revealed a revenue drop of 24% compared to the previous year, leading to a forecasted decrease in annual profits. Despite initially strong earnings in 2024, the companies are adjusting their forecasts downward, indicating continued challenges in the global shipping market.
Source: YAHOO