27MAR2019 - NEWS - Earnings of the Yang Ming Marine Transport Corporation of Taiwan impacted by the higher bunker fuel prices during last year

Taiwan based Yang Ming Marine Transport Corporation posted a full-year net loss for 2018, as the shipping company’s revenues rose. The company’s net loss after tax stood at TWD 6.59 billion in 2018, compared to a net profit after tax of TWD 0.32 billion seen a year earlier. The consolidated revenues for 2018 totaled TWD 141.83 billion, up by 8.21 % compared to revenues of TWD 131.08 billion recorded in 2017. As explained, Yang Ming’s 2018 operating results have been significantly impacted by higher global bunker fuel prices, which increased by 31.17% compared with the previous year.

Published by Editor - www.Livebunkers.com at 27-Mar-2019 05:44:34 [UTC] , contact editor at editor@livebunkers.com