Yang Ming Financials

During its May 13 board meeting, Yang Ming Marine Transport Corporation revealed that consolidated revenues for Q1 totaled US$1.15 billion, a decrease of 1% compared to with US$1.14 billion in revenue from the same period of previous year. The company’s net loss, after tax, was US$27.15 million. The first quarter result was impacted by the recognition of loss from part of the group’s subsidiaries, including bulk business, in the ... [+]

Yang Ming Launches Two Ultra Large Container Vessels

 Two new 14,000 TEU full-container vessels built for Yang Ming Marine Transport Corp. (Yang Ming) by Imabari Shipbuilding Co., Ltd., Japan, were named as YM Wonderland and YM Wisdom respectively at a ceremony held on 21st December, 2018. Yang Ming Chairman Bronson Hsieh, and National Ocean Taiwan University President Chang ... [+]

Yang Ming Receives “Vast Interest” from Shareholders

Yang Ming announced that it has raised US$54 million from several private investors in the first round of its comprehensive recapitalization plan, with “vast interest” from current shareholders. In a statement on its website, officials write: “To recap briefly, Yang Ming had set out a comprehensive recapitalization plan to raise capital ... [+]

Possible East-West Alliance Could Encompass 18% of World Container Fleet Capacity

Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East/Persian Gulf/Red Sea. A binding agreement has been concluded by all partners ... [+]

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