ONE lowers full year forecast amid geopolitical headwinds
Singapore-based container shipping company Ocean Network Express (ONE) released financial results for the first quarter of FY2025 (April-June 2025), posting a profit of US$86m, down by 89% from last year’s equivalent of US$779m. The company’s revenue reached US$4.04 billion, down 4% from last year’s US$4.21 billion. “The market in 1Q showed greater volatility when compared…