Saturday, June 28, 2025
Home News Yang Ming achieves record annual revenues and profits

Yang Ming achieves record annual revenues and profits

Yang Ming Marine Transport Corporation marked new records in its annual revenues and profits in 2022 with the Taiwanese ocean carrier reporting consolidated revenues of US$12.61 billion and after-tax profits of US$6.06 billion.

However, the board of directors of Yang Ming approved maintaining the cash dividend at NTD 20 (US$0.65) per share, “given the uncertainties of the shipping industry and the company’s commitment to sustainable operations.

Strong demand and high freight rates were the main factors that led Yang Ming to record financial results, but since the last quarter of 2022, purchasing power has been diminished by inflation and high inventory levels.

However, Yang Ming sees a potential improvement in economic activity, mentioning the International Monetary Fund’s (IMF) January report which has raised the global economic growth forecast for 2023 to 2.9%, which is higher than its October forecast last year.

Yang Ming added, “As China lifts restrictions and the gradual reduction of inventory, it might stimulate overall economic activity. These factors are likely to create a relatively positive environment for the shipping industry in the second half of the year.”





Antonis Karamalegkos
Managing Editor

Latest Posts

UWL announces vessel partnership with Emirates Shipping Line

UWL, a leading American-owned NVOCC (Non-Vessel Operating Common Carrier) and global logistics provider, welcomes Emirates Shipping Line as the new vessel partner for its...

Sea-Intelligence: Port Power Rankings

 Sea-Intelligence analyses port performance in terms of schedule reliability, across the 202 deep-sea ports with the largest number of container vessel calls, by creating...

Suez slowdown reshapes Red Sea’s port map

The macro picture of the Red Sea is worsen as canal transits are at half-mast, and the region has relinquished its role as the...

We asked AI: When containers become pools

We asked AI what a container might look like if it was trasformed into a pool. The result? Long steel containers, many of them stacked,...

Transpacific crash may normalise charter market

Containership charter rates, which have defied the freight slump for some time, could be peaking, as some small ships chartered by opportunistic operators for...
error: Content is protected !!