News / Box trade doldrums hit smaller carriers hardest: Yang Ming sails into Q2 red ink

Yang Ming Photo 53779592 © Philippilosian Dreamstime.com

Photo: © Philippilosian Dreamstime.com

14/08/2023

Mid-sized ocean carriers are losing money and the outlook is particularly bleak for the smaller lines, obliging them to consider radical network restructuring.

Yang Ming posted a net loss of $4m for the second quarter, from revenue of $1.15bn, to take the Taiwanese carrier’s profit at ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber

LOGIN

Please either REGISTER or login below to continue. Forgotten your password? Please click here.

Email*
Password*

Reset Your Password

<< Go back

Email*

Comment on this article

You must be logged in to post a comment.

Topics

Asia-North Europe financial results HMM The Purse Strings Yang Ming Zim

News / Box trade doldrums hit smaller carriers hardest: Yang Ming sails into Q2 red ink

To read this article you need to subscribe.

LOGIN

Reset Your Password

Comment on this article

Conf call redux: Guidance-free UPS – uncertainty piled on uncertainty

UPS sees decline in Q2 and refuses further guidance over 'uncertainty'

HMM pours cold water on president's push for Arctic box shipping

M&A radar: ZIM surges +15% on buyout talk – report

HMM says it will join the race for Brazil's Tecon 10 terminal

Maersk reports strong results in Q2, but bullish market 'may be short-lived'

Dismal rates picture means choppy water ahead for carriers and shippers

Schenker makes an impact as DSV announces Q2 results

CMA CGM eyes HPH sale after Ceva shines in a 'stable' second quarter

Conf call redux: Guidance-free UPS – uncertainty piled on uncertainty

UPS sees decline in Q2 and refuses further guidance over 'uncertainty'

HMM pours cold water on president's push for Arctic box shipping

M&A radar: ZIM surges +15% on buyout talk – report

HMM says it will join the race for Brazil's Tecon 10 terminal

Maersk reports strong results in Q2, but bullish market 'may be short-lived'

Topics

News / Box trade doldrums hit smaller carriers hardest: Yang Ming sails into Q2 red ink

To read this article you need to subscribe.

LOGIN

Reset Your Password

Comment on this article

Related Stories

M&A radar: ZIM surges +15% on buyout talk – report

HMM says it will join the race for Brazil's Tecon 10 terminal

Maersk reports strong results in Q2, but bullish market 'may be short-lived'

Topics

Contact Us

The Loadstar editorial enquiries

Loadstar Premium editorial enquiries

Business and advertising enquiries

General and subscription enquiries