Independent journal on economy and transport policy
07:51 GMT+1
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New historical record of quarterly revenues of the Taiwanese Yang Ming and WHL
Figures up by +71.3% and +108.5% respectively on the same period of 2021
April 11, 2022
As well as compatriot Evergreen Marine Corporation (
of 8 April 2022), in the first quarter of this year also the other two major Taiwanese container shipping companies Yang Ming Marine Transport Corporation and Wan Hai Lines (WHL) have established its own new historical record of quarterly revenues, both recording a significant increase in revenues. In the first three months of 2022, Yang Ming reported revenues of €106.7 billion Taiwan dollars (3.7 billion US dollars), with a growth of +71.3% on the corresponding period last year. WHL closed the first quarter of this year with revenues of 80.5 billion Taiwanese dollars, with an increase of +108.5%.
In addition, in the month of March 2022 alone, Yang Ming has also achieved its new historical record of monthly revenues which amounted to 37.8 billion Taiwan dollars (1.3 billion US dollars), with a growth of +80.2% on March 2021. WHL closed the month of March of this year with revenues equal to 24.3 billion Taiwanese dollars, a figure that represents a increase of +89.8% on March 2021 and the new record for this month (the absolute record was set in January 2022 with 32.5 billion).
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