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 ...

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