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 ...
Photo: VesselFinder
Evergreen and Wan Hai chiefs admitted yesterday that the continuing Russian war on Ukraine meant revising the shipping market outlook of improvement after a poor first quarter.
Both Taiwanese liner operators were holding their AGMs and Evergreen president Eric Hsieh said Q1 23 net profit had plunged 95% year on year, to $165m.
He said the Russia-Ukraine war was still the most important factor affecting the market, adding: “If the war ends, we expect cargo volume in H2 will be better than in ...
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