Yang Ming profit soars on Red Sea diversions, emerging Asia markets

Capt. John

The Red Sea crisis and emerging Asian markets helped Yang Ming Marine Transport Corp. to strong operational performance and profitability in 2024.

The Taiwan-based ocean carrier (2609.TW) in a release said full-year consolidated revenues totaled $6.94 billion, up from $4.51 billion in 2023. Net profit after tax surged to $2 billion from $153 million.

The positive results came as global container shipping saw a net capacity increase of approximately 3 million twenty-foot equivalent units in 2024....

https://www.freightwaves.com/news/yang-ming-profit-soars-on-red-sea-diversions-emerging-asia-markets

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