Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Yang Ming swings to first quarter loss

Yang Ming swings to first quarter loss
Taiwan’s container carrier Yang Ming Marine Transport Corp has slumped into the red for the first quarter ended 31 March 2016.

Taipei-listed Yang Ming slipped to a net loss of TWD3.66bn ($112.18m) for the first quarter as against the profit of TWD313.61m for the same period of last year.

The quarterly revenue fell by 18.2% year-on-year to TWD27.12bn, and operating costs rose above revenue at TWD29.22bn, down 6.5% from year-ago level.

Meanwhile, Yang Ming has joined as one of the six members forming a new container carrier partnership named THE Alliance, seen as a counterweight to two other major alliances of 2M and Ocean Alliance.