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MOL Chief Sees Yen Swings Creating Risks as Weak Yen Helps Earnings

Mitsui O.S.K. Lines logoMitsui O.S.K. Lines
Sig1.80Sen+0.70Env0.00Soc0.00Gov0.00

A weaker yen is supporting Mitsui O.S.K. Lines by increasing the yen value of its dollar-denominated revenue, but chairman Takeshi Hashimoto warned that sharp currency swings are creating financial-market and planning risks. He called for a more stable foreign-exchange environment. He also noted severe disruption in the Strait of Hormuz is forcing shipping operators to reassess routes and security, intensifying pressure on volatile energy markets.

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