Yang Ming predicts rare fifth consecutive profitable year

Yang Ming Marine Transport’s management said at the company’s shareholders’ meeting
that the company anticipates 2024 to become a rare fifth straight profitable year.

In 1Q 2024, Yang Ming’s net profit tripled to US$298 million, a result that exceeded expectations. Yang Ming’s general manager Patrick Tu said that the Taiwanese liner operator’s last long profitable stretch was in 2002 to 2008.

Tu said that while 2024 was initially believed to be affected by vessel oversupply, geopolitical factors...


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