Solid results in '24 and a good start to '25, says bullish Hapag-Lloyd CEO
German container shipping line Hapag-Lloyd appears to have slightly lost market share last year, today ...
© Yali Shi
Yang Ming’s chief executive Peter Su said in a press conference yesterday that the third quarter peak season this year was “disappointing” and the carrier has no expectations that 2024 will be any better.
Mr Su said that the economies in China, US and Europe remain bearish, which continues to affect consumer spending.
In Q2 23, Yang Ming incurred a $4.27m net loss, compared with a net profit of $1.93bn in Q2 22.
When asked about capacity adjustments, Mr Su replied that Yang ...
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