Yang Ming Q3 profit adds fuel to shipper fury at carriers’ ‘immoral’ strategy

Taiwanese ocean carrier Yang Ming moved into the black in the third quarter for the first time in over two years, it said today.
However, the return to group profitability for the carrier, and the bumper returns for the sector in general, has angered shippers who accuse container lines of taking advantage of supply chain pinch points to increase rates.
Despite an 11% drop in its liftings, to 1.28m teu, in the …

The post Yang Ming Q3 profit adds fuel to shipper fury at carriers’ ‘immoral’ strategy appeared first on The Loadstar.

Source: The Loadstar

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