Yang Ming to place profit before fleetBy Kao Shih-ching / Staff reporterYang Ming Marine Transport Corp (陽明海運) plans to prioritize boosting its profitability over expanding its fleet size, chairman and CEO Cheng Chen-mount (鄭貞茂) said yesterday, adding that the firm would seek to attract foreign institutional investors with healthy financial portfolios. Yang Ming has secured a 2.6 percent share of the world’s liner fleet, data compiled by Alphaliner, a France-based maritime consultant, showed. Yang Ming Marine Transport Corp chairman and CEO Cheng Chen-mount speaks at an investors’ conference in Taipei yesterday. The shipper holds an upbeat outlook for this quarter given excess demand in the market, Yang Ming spokesperson Shih Mei-chi (史美琦) said. The freight rates for routes from Asia to the US are expected to remain high until the Lunar New Year holiday next year, he said.

Source: Taipei Times October 29, 2020 15:56 UTC