Yang Ming has closed the second trimester with a net loss of about USA -121 million dollars



In according to trimester of the 2018 financial results of the company of Yang Ming navigation of Taipei they have shown a worsening determined from a total increment of +12.7% of the costs against a almost stable volume of transactions. This last one has turned out pairs to 33,6 billion dollars of Taiwan (USA 1,1 billion dollars), with an light increment of +1.1% regarding revenues pairs to 33,2 billion dollars of Taiwan in the period April-june last year. The operating costs are piled to 35,6 billion dollars of Taiwan regarding 31,6 billion in according to trimester of 2017. Operating result and economic result clearly have been both of sign negative and pairs to -3,5 billion and -3,7 billion dollars of Taiwan respect to an operating profit of 142,7 million dollars of Taiwan and to a net loss of -407,2 million dollars of Taiwan in according to trimester last year.

In the quarter conclusosi 30th june the fleet of portacontainer of the company has transported cargo volumes pairs to 1,29 million teu, with an increase of +11.8% on the same period of 2017.

In the first semester of the 2018 transported containerized volumes they have been pairs to 2,52 million teu, with an increase of +10.3% on the first half last year. Yang Ming has closed the first six months of 2018 with a net loss of -5,6 billion dollars of Taiwan on revenues pairs to 64,6 billion dollars of Taiwan respect to a net loss of -1,3 billion dollars of Taiwan on revenues for 63,5 billion dollars of Taiwan in the first semester of 2017. The operating result has been of sign negative and pairs to -5,6 billion dollars of Taiwan respect to a result of sign negative for -1,0 billion dollars of Taiwan in the period January-june last year.

The taiwanese company has specified that on the results of the first semester of the 2018 they have weighed the increase of the price of the fuel, the whose average cost has turned out advanced of +25% about, and bending of the hires, with a medium rate that is diminished of about the -10% regarding the first half last year. However Yang Ming previews that the situation will record an improvement in consideration of a wait increase of +4.2% of the question in the 2019 respect to a previewed increase of +3.7% of the offer and in consideration of the optimistic forecasts about the development of the economy from which it will benefit the field of the marine transport.

Currently Yang Ming has a fleet of about 100 portacontainer for a total cargo ability pairs to 630 thousand teu. Moreover the company has a program of potenziamento of the fleet that beginning from previews the delivery of five new ships from 14.000 teu the last trimester of this year to which 12.000 teu that they will be taken rental between 2020 and 2021 will join to ten portacontainer from. Moreover the board of directors of the company has approved of the acquisition of ten ships from 2.800 teu that intra-Asians will be used on the routes.