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