Yang Ming and Wan Hai lines are looking at solving shortfalls in company finances in differing ways as the carriers’ report struggle with historical debt in spite of booming rates this year.
Yang Ming Marine Transport Corporation’s new chairman, Cheng Cheng-mount, who took over from Bronson Hsieh on 1 October, said in a message to the company’s staff that despite achieving an operating profit in the second quarter of 2020, the company’s overall financial health is not robust.
The new chairman has...
https://container-news.com/taiwan-lines-battle-historical-debt/