Third red consecutive trimester in for the Asian company Yang Ming



The company of taiwanese navigation Yang Ming, archiviando the period July-september of this year with a net loss of -804,0 million dollars of Taiwan (USA 26 million dollars) respect to a profit clearly of 1,3 billion dollars of Taiwan in the correspondent period of 2017, has recorded the third clearly consecutive quarterly economic result of sign negative. This although, in the third trimester of 2018, the revenues we have reached the quarterly total record of 38,7 billion dollars of Taiwan, with an increment of +8.2% regarding 35,8 billion dollars of Taiwan in the same period last year (the precedence quarterly record of revenues was marked in the third trimester of 2014 with 37,3 billion).

The new quarterly absolute peak of the volume of transactions but is counterbalanced by the new record of operating costs recorded from the Asian company that are piled to 37,9 billion dollars of Taiwan, in increase of +15.8% on the period July-september of 2017 and with a rise of +6.4% compared to the previous record marked in according to trimester of 2018.

In the third trimester of this year, for the third achieved quarterly period, the operating result has turned out of sign negative also that has attested to -660,4 million dollars of Taiwan respect to an operating profit of beyond 1,5 billion dollars of Taiwan in the third trimester of 2017.

In the third trimester of the 2018 fleet of portacontainer of Yang Ming it has transported containerized cargo volumes pairs to 1,41 million teu regarding 1,24 million teu in the same period last year.

In the first nine months of this year the total of the goods containerized transported has been pairs to 3,92 million teu, with an increase of +11.4% on the period January-september of 2017. The revenues recorded in the first nine months of the 2018 have turned out pairs to 103,3 billion dollars of Taiwan, with a progression of counterbalanced +4.1% from a rise of +11.5% of the operating costs that have been attested to 105,3 billion, increase - it has specified the company - to which it has contributed the increase of +28.4% of the cost of the fuel that has turned out pairs more than four billions than dollars of Taiwan against a weakening of the hires who have limited the increment of the volume of transactions.

Yang Ming is optimistic about the performances that the company will achieve in the fourth trimester of 2018, period in which - he has explained the marine company of Taipei - intensifying itself of the war of the custom offices he could determine an acceleration of the Chinese exports towards the United States and a consequent improvement of the hires and the load factors. The company previews also a rise of the hires and the volumes transported on the Asia-Europe routes.