Reported 7 months ago
The global shipping industry is thriving amidst the challenges of the Red Sea crisis, with Yang Ming (2609) and Wan Hai (2615) reporting impressive revenue increases in May. Yang Ming's May revenue reached 16.925 billion, up 46.18% from last year, and Wan Hai's revenue climbed 40.14% year-on-year to 11.454 billion. Despite the positive financial results, both companies saw a drop in stock prices recently, sparking speculations online about intentional market manipulation.
Source: YAHOO