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            july 16, 2019

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Yang Ming back in black with US$7.9 million profit


Taiwan's Yang Ming Transport has posted a second quarter profit of TWD237.8 million (US$7.9 million) compared with a loss of TWD2.6 billion in the same period last year, according to Shipping Gazette.
Quarterly revenues were up 14.7 per cent to TWD34.3 billion year on year.
Yang Ming also announced that it has upgraded its southeast Asia service and India service to meet market demand.
A new direct service from Singapore to Indonesia (SS1 service) was launched earlier this month through cooperation with Advance Container Lines. The ship shuttles between Singapore and Semarang and turns in seven days.

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