Comment / Analysis: Yang Ming cash call a positive, but its share price is now a fear gauge

© Philippilosian

“Every little helps” – this motto perfectly sums up the outcome of Yang Ming’s latest fundraising round.

Let’s set the record straight: this week was very important for the container shipping industry, because the Taiwanese carrier – one of the weakest links in the container supply chain, based on financial fundamentals – proved to be able to raise NT$6bn ($198m) in new equity capital, with reports suggesting the deal was oversubscribed after launching at NT$5bn ($165m).

Elsewhere, I was rather impressed by ...