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Container Shipping & Trade

Container Shipping & Trade

Taiwan trio see mixed fortunes in Q1

Tue 16 May 2017 by Rebecca Moore

Taiwan trio see mixed fortunes in Q1
Yang Ming’s Q1 2017 net loss has narrowed year-on-year; Wan Hai plunged into the red and Evergreen posted a positive result

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.

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