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 ...
Wan Hai Lines has begun diverting ships from its Asia-US west coast service to its core intra-Asia services after severe congestion in Californian ports affected its sailing schedules.
Announcing Wan Hai’s financial results for the nine months to September, general manager Tommy Hsieh said that, with the end of the year being the peak season for intra-Asia shipments, earnings could be maximised by moving capacity to this segment from the US west coast.
He said ships were waiting 28 days to berth ...
European port congestion now at five-to-six days, and getting worse
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