Red Sea disruption lifts liner operator Yang Ming back to profit

Taiwanese container line Yang Ming Marine Transport’s financial fortunes recovered in the first quarter.

Container carrier operating margins worst in five years prior to Red Sea crisis

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Net profit was TWD 9.38bn ($289m), up from TWD 3.4bn a year earlier, reversing a negative trend in which the line had posted a loss of $43m in the fourth quarter of 2023.