Taiwan's Yang Ming Marine Transport has made it back into the black for 2017 as it focused on costs. The liner company said net earnings to 31 December were TWD 320m ($10.78m), against a
Taiwanese maritime shipping company Yang Ming has reported net earnings of TWD320m ($11m) in 2017, reversing a TWD14.91bn loss in 2016. The firm attributes the profit to increased revenues due to 9% growth in cargo volumes, stabilised costs, strengthened operating strategies and centralised management operations. The container carrier is also expanding its fleet by chartering 10 larger vessels and 10 smaller vessels.