Jury still out on benefits of index-linked contracts for shippers
Freight index platforms are keen to push index-linked agreements (ILAs), but there are questions about ...
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By Mike Wackett
Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today.
Drewry Financial Research Services (DFRS) says the line has the industry’s most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3.
The figure soars above the industry average of 124% and is nearly five times that of its closest regional peer, Evergreen.
The report says: “Yang Ming’s high debt is a great cause for ...
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