© Philippilosian |yang ming_53779592
© Philippilosian

Taiwanese ocean carrier Yang Ming has become the latest container line to report a heavy loss in the second quarter of the year, posting a net deficit of $129m.

It means that all three members of THE Alliance vessel-sharing agreement have now posted negative results for the period.

Yang Ming attributed its loss in Q2 to “unexpected higher fuel prices” and an “oversupply of tonnage”.

It said its average fuel price had jumped by 25%, compared with the same quarter the year before, and ...

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