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Get an up-to-date status on your YANG MING shipment. “Looking forward, the container shipping sector’s supply and demand dynamics might develop in positive directions,” Capital said in a report on Tuesday, estimating that Yang Ming’s net profit would reach NT$29.09 billion in the second quarter and NT$36.95 billion in the third quarter, compared with NT$24.59 billion in the first quarter. YML stransport container tracking track trace by bill of lading YML container shipping company.
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In the first four months of this year, earnings per share were NT$10.15, Yang Ming said in a Taiwan Stock Exchange filing.Ĭumulative revenue in the first four months was NT$108.02 billion, up 94.72 percent year-on-year, company data showed.Ĭapital Investment Management Corp (群益投顧) forecast that Yang Ming’s net profit would continue rising through the third quarter, as port congestion as well as a blockage of the Suez Canal in April have caused a container shortage and delayed delivery schedules, leaving limited capacity in the market and further boosting freight rates. The company was founded in 1972 as a shipping line, but has historical links through its merger with the China Merchants Steam Navigation Company (18721995). Yang Ming on June 4 reported net profit of NT$8.87 billion (US$317.8 million) for April, up 5,061.88 percent from a year earlier due to strong demand and rising freight rates.Įarnings per share were NT$2.66, an increase of 3,425 percent from last year. Analysts have said that Yang Ming’s enlarged fleet is expected to boost the company’s revenue and earnings during peak season for regional shipping in Asia.