Mitsui O.S.K. Lines Predicts FY Loss of $2 Billion

Mitsui O.S.K. Lines, the parent company of the Japanese ocean carrier MOL, reported a net loss of $678.1 million in the third quarter of 2012, ending Dec. 31. Quarterly revenue was $12.9 billion.

For the full fiscal year of 2012, ending March 31, 2013, the company predicts a net loss of $2 billion and revenue of $17.2 billion.