Strong second half gives Yang Ming newfound financial confidence

Like its industry peers, Yang Ming saw profits soar in the final quarter of last year, recording a surplus of $343m, pushing full-year net profit to $405m.
Despite a 6.6% decline in liftings, to 5.1m teu, the Taiwanese carrier’s turnover improved 1.4% year on year, to $5.11bn, as freight rates leapt in the second half of the year while fuel costs remained low.
Yang Ming achieved its first profitable quarter in over …

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Source: The Loadstar

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