Strong intra-Asia volume growth has seen Taiwanese vessel operator TS Lines’ net profits for the first half of 2020 skyrocket totalling TW$1.5 billion (US$55.88 million), up 50% from H1 2019.
Earnings in the second quarter reached TW$850 million (US$28.83 million), due to strong cargo volumes. TS Lines chairman Chen Te-sheng said that the company is targeting full-year net profit to reach TW$3 billion (US$103.4 million), nearly doubling from 2019.
Chen said that first half year revenues were up...