Yang Ming reports massive rise in profit, and orders more ships
Taiwanese carrier Yang Ming today reported revenue of $6.94bn last year, representing a 54% increase ...
© Yali Shi
Yang Ming has followed its liner peers in ordering more containers to tide over the equipment shortage.
It has ordered 5,400 reefers, costing $35m-$40m, from Guangdong Fuwa Equipment Manufacturing and 7,870 dry containers from Cosco unit Dong Fang International at a price of $50-$55m.
Yang Ming however, said today it had no plans to join the ’very large containership’ league yet.
Local media reported that following a board meeting on Friday to approve the release of its H1 21 results, the Taiwanese liner operator ...
Comment on this article
Gary Ferrulli
August 16, 2021 at 6:24 pmThe costs shown for the reefer containers are for the containers only, not the reefer units that adjust/maintain temperatures. Those are an additional $23-25 thousand each.