Taipei-listed Yang Ming registered a 2016 loss of TWD14.91bn ($493.56m), incurring a larger deficit compared to the loss of TWD6.46bn in 2015.
Dry bulk shipowner Yang Ming was last profitable in 2013 when it recorded a gain of TWD2.79bn.
Revenue for 2016 dropped by 9.5% year-on-year to TWD115.4bn.
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