Early peak season a boost for Yang Ming as Q2 profits soar

Taiwanese shipping line Yang Ming reported a very profitable Q2 26, amid the US/Israel-Iran war, benefiting from an early peak season. The  carrier reported $1.45bn of revenue, up 20% on Q2 25, but net profit swelled six-fold, to $180m, from just $30.9m in the same period last year. Cumulatively, due to a weaker Q1, revenue for the first half was $2.68bn, up slightly on the $2.64bn booked in H1 25 Read full article →