News / Returning chartered ships makes a dent in Yang Ming results

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Taiwanese container shipping line Yang Ming yesterday reported consolidated third-quarter revenues of NTD37.78bn (US$1.22bn) on the back of a 2% increase in volumes to 1.44m teu.

However, its operating result was hit “by its strategic decision to not exercise options with respect to certain formerly chartered vessels”.

Its net loss for the third quarter was NTD1.38bn.

The company said: “By opting out, the company incurred obligations under the charter parties, which were then recorded as potential impact as mandated by the International Financial ...