Yang Ming “on a steady path of recovery”
The most recent performance indicators continue to show Yang Ming Transport Corporation on a steady path of recovery. Revenues in June 2017 yielded USD 385 million (NT $11.6 billion), up 22.86 per cent compared with the same period last year. More broadly, the cumulative revenue for the 1st half of 2017 totalled USD 2.07 billion (NT$ 63.5 billion), an increase of 15.65 per cent year-over-year. Recent higher freight rates and increased volumes (+10% growth in the 1st half 2017 year-over-year) are contributing to greater revenues.
The Board of Directors of Yang Ming on July 14, 2017 has approved a resolution allowing for the public offering of an additional 500 million shares of company stock. Under this plan, the existing Yang Ming shareholders, Yang Ming employees, and the general public will have an opportunity to purchase company stock at a price to be determined. This public offering is made largely in response to the interests shown by current shareholders to invest in Yang Ming.
Taiwan headquartered Yang Ming Marine Transport Corporation was established on December 28, 1972. Since that time, it has become one of the leading shipping companies in the world. At May of 2017, Yang Ming operates a fleet of 98 vessels with a 6-million-D.W.T / operating capacity 590 thousand TEUS, of which container ships are the mains service force.