Taiwanese carrier Yang Ming returned to the black in 2017, reporting increased revenues and volumes.
It posted consolidated revenue of US$4.4bn, up 13.59% compared with the $3.88bn it earned in 2016, while volumes increased by 9% to 4.7m teu.
The company’s net profit was $10.78m, a huge swing from the $492m loss posted in 2016.
The line said: “Coupled with a recovering shipping market, the effort and dedication from team members worldwide helped Yang Ming’s …

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Source: The Loadstar