dreamstime_s_55327032
© 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 ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.