News / Yang Ming box business sails into black, but ailing bulk unit sinks group profits

© Jason Row |

Yang Ming’s box business swung into the black in the second quarter, contributing a profit of $18.6m despite a 15% reduction in container liftings.

However, the Taiwanese transport group’s aspirations for profitability were thwarted by a $21m loss in its dry bulk sector, bringing a consolidated net loss of $2.25m in the quarter.

For the half-year, Yang Ming turnover declined by 12%, compared with H1 19, to $2.2bn, with its container volumes down 10% at 2.38m teu.

Net losses for the period were ...