Ocean Network Express (ONE) said its revenue was $5.9 billion for the fiscal second quarter, up 65% from the same quarter last year. Net profit was $2 billion, compared to $1.8 billion year-on-year.

The Singapore-based carrier alliance said in an earnings release that Asia-North America and Asia-Europe trade saw strong demand in the quarter ended September 30, driven by continued consumer activity and early high season in July and August. The first shipments to North America took place amid supply chain disruptions. attacks on ships in the Red Sea And before a strike by the International Longshoremen’s Association in Eastern US and Gulf Coast ports.

The alliance raised its full-year net profit target to $3.1 billion, up from $2.75 billion announced on July 31.

“In addition to the current geopolitical situation, the industry faces increased uncertainty over the final outcome of the U.S. election and the labor situation at East Coast ports,” Chief Executive Jeremy Nixon said in a statement. of results. “ONE will continue to closely monitor evolving macroeconomic conditions and maintain agile and effective control of its global operations and customer service delivery performance. »