Taiwan’s container shipping lines have posted mixed Q1 results – Evergreen’s positive result is in contrast to the losses of Wan Hai and Yang Ming.
Evergreen posted a net profit of US$5.6 million on the back of an 18 per cent jump in revenue versus maintaining operational costs.
Wan Hai had a Q1 2017 net loss of US$6.6 million versus a Q1 2016 net profit of US$0.5 million.
Seaintelligence Consulting chief executive and partner Lars Jensen said: “This is a development more closely resembling some of the other main carriers in the market, despite the carrier being a regional niche player rather than a global carrier.”
Yang Ming saw a net loss of US$29 million ꟷ an improvement on its Q1 2016 loss of US$112 million.
Mr Jensen said that on a unit basis, Yang Ming's net loss was US$26/teu ꟷ better than Hapag Lloyd which suffered a loss of US$67/teu, but worse than Maersk Line at US$13 per teu.