News / Good year for box lines, says Yang Ming chief, but keep an eye on the market

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Yang Ming chairman Cheng Cheng-mount said liner operators would not resume Red Sea transits until the Houthis stop attacks on vessels.

At Taiwan’s 70th Maritime Day celebrations last week, Mr Cheng said: “I don’t anticipate a ceasefire between Hamas and Israel any time soon, and shipowners will not risk the safety of their crews and vessels.”

However, he was optimistic that Q3 24 will be good for box lines, especially with the availability of ships and containers so tight – although, he ...