TAIWANESE container shipping company based in Keelung, Yang Ming Marine
Transport Corporation, reported a consolidated revenue US$1.16 billion
for the third quarter of the year , with a net profit of $90.73 million.
The company also announced that for the first three quarters of 2023,
the consolidated revenue was approximately $3.5 billion, with a net
profit of $196.49 million.
Yang Ming's overall revenue in the third quarter remained stable
compared to the previous two quarters, however, the freight rates were
down compared to the same period of last year, leading to a decrease in
revenue compared to the same period of last year, reports Greece's
Container News.
According to Alphaliner's latest shipping market supply and demand
growth forecast, the global container ship capacity supply growth rate
in 2023 is projected to be 8.4 per cent, and 1.4 per cent% for the
demand growth rate.
As for the projections for 2024, the supply growth rate will increase to
9.1 per cent, and 2.2 per cent for the demand growth rate.
"A significant gap between supply and demand growth rates will remain in
2024, presenting an operational challenge that international shipping
companies will need to address, as the issue of supply-demand imbalance
persists," said Yang Ming in its statement.
"The overall development of the shipping market is expected to be
affected by the ongoing global high inflation, international
geopolitical tensions, and policy adjustments by the European Commission
concerning the Consortia Block Exemption Regulation (CBER)," added the
Taiwan-based ocean carrier. |
