Yang Ming posts historic profit
The Yang Ming Marine Transport Corporation delivered a strong performance in 2022, driven by strong demand and high average freight rates in the container shipping market. During the 382nd board meeting, held on 9 March, the Taiwanese company announced new record revenues of NTD 376 billion (USD 12.6 billion) and after-tax profits of almost NTD 181 billion (more than USD 6 billion).
Looking into the future, to navigate through the evolving shipping industry, Yang Ming will continue to strengthen its business strategy by exploring new business opportunities, optimising its cargo structure and improving space utilisation. Additionally, the company aims to prioritise customer satisfaction by optimising its service network and enhancing digital services. (lh)