Yang Ming suffers second-quarter loss
YANG Ming Marine Transport Corp, Taiwan's second-largest container shipping line, posted a $T4.8bn ($153.5m) net loss in the second quarter from $T9.97m loss during the same period a year earlier, worse than that of bigger rival Evergreen Marine.
According to MANA,Yang Ming Marine's total operating revenues fell 14.8% year on year to $T27.8bn in the second quarter.Taiwan-listed Yang Ming said its total operating expenses for the second quarter rose 3.4% year on year to $T1.5bn. During the period, it incurred a net operating loss of $T4.6bn compared with a $T6.3m net operating loss a year earlier.
Yang Ming, which was set up in December 1972, has a fleet of 105 container vessels ranging in size from 1,005 teu to 14,198 teu, its website showed.