News / Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief

© Jason Row |

Liner operators should not be too confident that Q2 will be any better than Q1, despite the Red Sea crisis absorbing the tonnage overhang, said Yang Ming chairman Cheng Cheng-mount this week.

Mr Cheng, who is also chairman of the Taipei Shipowners’ Association, told its members: “The rerouting of ships round the Cape of Good Hope has merely distracted attention from structural overcapacity. Furthermore, market risks, such as China’s real estate and economic problems, the uncertainty of the US Federal Reserve’s ...