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News / Red ink warning for Yang Ming as Red Sea spot rate gains ease

Yang Ming Photo 53779592 © Philippilosian Dreamstime.com
Photo: © Philippilosian Dreamstime.com
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Yang Ming slid into the red in the final quarter of 2023, with a net loss of $43m after a profit of $483m in Q4 22, but the Taiwanese carrier managed to hold out for a full-year profit of $153m.

“Amid inflation ...

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    Cape of Good Hope Freightos Baltic Index (FBX) Ningbo Containerized Freight Index (NCFI) Red Sea Crisis Suez Canal Yang Ming