Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
© Jason Row
By Mike Wackett
Taiwanese ocean carrier Yang Ming moved into the black in the third quarter for the first time in over two years, it said today.
However, the return to group profitability for the carrier, and the bumper returns for the sector in general, has angered shippers who accuse container lines of taking advantage of supply chain pinch points to increase rates.
Despite an 11% drop in its liftings, to 1.28m teu, in the quarter, Yang Ming’s revenue increased 2.8% on the same period ...
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