Yang Ming surpasses $5.5 billion mark in first three quarters

Yang Ming vessel

Yang Ming Marine Transport Corporation (Yang Ming) has posted consolidated revenues of NTD99.81 billion ($3.41 billion) in the third quarter of this year.

Yang Ming’s profit after-tax in Q3 reached NTD49.75 billion ($1.7 billion).

For the first three quarters of 2022, Yang Ming’s consolidated revenues totalled NTD315.96 billion ($10.79 billion), while profit after-tax improved by 50.95 per cent year-on-year to NTD165.86 billion ($5.66 billion).

READ: Yang Ming profits $4 billion in H1

In the accounted period, the ongoing Russia-Ukraine war and global inflation surge struck the container shipping industry, on top of unresolved port congestion and stalled US West Coast contract negotiations adding uncertainty in the supply chain.

In the face of these challenges, the carrier said it will continue to maintain schedule integrity while remaining “cautiously optimistic in the fourth quarter”.

In September, Yang Ming welcomed its newest 11,000 TEU containership YM Trillion.

The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd.

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