Yang Ming saw profits from its container sector hit by the negative impact of the coronavirus on the dry bulk market, which meant that overall the Taiwanese company lost US$2.25 million for the second quarter of 2020.
However, as the charter rates are rising, the Baltic Dry Index is now posting gains, the recovering market will significantly improve its dry bulk business’ performance from the fourth quarter, said the line. YM also intends to redeliver chartered tonnage including three vessels by...
https://container-news.com/yang-ming-mitigated-losses-thanks-to-strong-container-sector/