Reported about 1 year ago
Benefiting from the crisis in the Red Sea, freight rates and volumes have steadily rebounded, leading to a growth in container shipping revenue in May. Wan Hai (2615) and Yang Ming (2609) were the first to announce their May 2024 revenue, showing a monthly increase of 10% and a yearly increase of 40%, both reaching new highs since December 2022. Wan Hai's consolidated revenue for May was NT$11.454 billion, up 13.32% monthly and 40.14% yearly, while Yang Ming's consolidated revenue was NT$16.925 billion in May, up 13.26% monthly and 46.18% yearly.
Source: YAHOO