Yang Ming reports massive rise in profit, and orders more ships
Taiwanese carrier Yang Ming today reported revenue of $6.94bn last year, representing a 54% increase ...
China United Lines (CULines) has engaged Yang Ming’s former chairman, Bronson Hsieh, and Wan Hai’s former president, Chou Pai-chih, as consultants, suggesting that, despite its recent withdrawal from the Asia-Europe trade, it is serious about long-term growth as a liner operator.
The move comes a year after state-controlled CULines surprised the industry by appointing former Hapag-Lloyd exec Lars Christiansen as its co-CEO alongside Raymond Chen.
Yang Ming and Wan Hai are both Taiwanese operators, and considering the island’s often difficult diplomatic relationship ...
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