Mitsui O.S.K. Lines, Ltd. (MOL) today announced a revision of its consolidated business outlook for FY2015 (April 1, 2015 to March 31, 2016), issued on April 30, 2015, the Company said in a press release.
The Company made a downward revision for the first six months of FY2015 forecast from the previous forecast assuming operating income to be significantly deteriorated in consideration of worse containership freight market than estimated in initial outlook. The market remained weak as the Asia-Europe route and other routes were affected by weak cargo volumes and the gap between vessel supply and cargo demand resulting from deliveries of large containerships expanded.
For a full-year outlook, the Company made a downward revision of revenue and operating income because of the revision to the 1st half outlook but left the ordinary income and net income(*) forecast unchanged.
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