Yang Ming reports massive rise in profit, and orders more ships
Taiwanese carrier Yang Ming today reported revenue of $6.94bn last year, representing a 54% increase ...
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The Taiwanese government has sold shares in Yang Ming this year, after the liner operator achieved profits amid a historically firm market.
In June last year, the government, via the Ministry of Transport and Communications (MoTC), National Development Fund (NDF) and Taiwan International Ports Corporation (TIPC), held a 47.62% stake and sold 29% of that in the first half of this year.
Yang Ming’s interim report shows that at 30 June, the government’s stake was now 33.6%, held by MOTC (14.04%) NDF (13.81%) ...
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