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Yang Ming today sought to reassure customers and suppliers on its solvency as a global container carrier.

The world’s ninth-largest carrier said: “Yang Ming is not in default of any obligations and suggestions otherwise are patently false.

“As we head into the new year, Yang Ming assures its customers that it will remain absolutely committed to stay competitive in the industry.”

The announcement followed a research paper published by Drewry last week, suggesting Yang Ming had taken “the slot left vacant by Hanjin Shipping, ...

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