Carrier Reports $27m Loss in Q1 Due To Decline in Volume

• Yang Ming recorded a $27m net loss for the first three months of this year
• It reported $11m loss by its dry bulk business.
• Yang Ming’s Q1 liftings were down 4% in the same period last year, to 1.24m teu.
• Yang Ming has a capacity of around 600,000 teu with 70% chartered-in tonnage.

According to an article published in The Loadstar and authored by Mike Wackett, Yang Ming recorded a $27m net loss for the first three months of this year.

It followed a loss of...

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