Fines for shipping lines for past collusion on rates set to be confirmed
The hefty $81m in fines imposed by the Korea Fair Trade Commission (KFTC) on 23 ...
Cheng Cheng-mount. Credit Elaine Chiang.
Yang Ming management is urging staff not to compare their bonuses with those of fellow Taiwanese line Evergreen, some of whom received cash equivalent to 40 months wages.
A hasty press conference was arranged by the liner operator yesterday, as local media continued to report on the bonus disparity, despite net profits for the first nine months of 2021 at Yang Ming and Evergreen being $3.95bn and $5.69bn, respectively.
The bumper windfalls were revealed after an Evergreen employee shared a screenshot of ...
Comment on this article
Martyn Benson
January 06, 2022 at 2:55 pmThis all makes Maersk’s $ 1,000 bonus look distinctly mean spirited. Even CMA-CGM at two months bonus must be feeling fairly hard done by.
Jason Cook
January 08, 2022 at 12:01 am40 months is pretty life changing.