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

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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 the half-year stage down to $107m.

Like all container lines, Yang Ming enjoyed a highly profitable post-pandemic two years, its net profit last year coming in at around $6bn.

However, similar to its peers, the THE Alliance ...