Yang Ming: rising revenue and volumes
The Keelung (Taiwan)-based carrier Yang Ming reported a net loss of USD 218.5 million in 2018. The company said that the shortfall was due to the ever greater impact of bunkering prices on operating results.
However, there was some good news. According to a stock exchange announcement, the group’s consolidated revenues totalled NTD 141.83 billion (USD 4.7 billion) in 2018, 8.21% more than the revenue of NTD 131 billion (USD 4.35 billion) in 2017. Transported volumes increased to 5.2 million teu last year, an 11% increase vis-a-vis 2017.
Taking into account the current uncertainties concerning global trade and the pressure on bunker prices, Yang Ming’s outlook for 2019 is cautiously conservative. (kd)