News / Higher rates and volumes shown on carriers's improved balance sheets as SCFI slightly dips

Nederland, Rotterdam, 2008 Op de ECT terminal op de Maasvlakte worden containers door containerkranen en werknemers op en overgeslagen Foto; Freek van Arkel/Havenbedrijf Rotterdam

More evidence emerged today that higher volumes and improved contract rates in the second quarter of the year have boosted the earnings of ocean carriers.

In a financial update today Yang Ming said that its revenue in June was up 22.9% compared to the same month last year, while cumulative turnover for the half-year was ahead by 15.6%.

It also added that it had seen a 10% year-on-year growth in its liftings in the six-month period.

The under-pressure Taiwanese carrier published the data ...