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08 March 2021 The on-line newspaper devoted to the world of transports 14:26 GMT+1

February 17, 2021

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Yang Ming and Wan Hai's exponential revenue growth

In January, there were increases of +44.5% and +105.6%

As well as for the Taiwanese shipping company Evergreen, which last month reported a +71.7% increase in revenues ( of the 10th February 2021), in January also compatriots Yang Ming and Wan Hai Lines have experienced a remarkable surge in volume business. In particular, in January 2021 Yang Ming totalled revenues of 20.4 billion Taiwan dollars (730 million us dollars), with growth of +44.5% on January 2020, while revenues of Wan Hai have more than doubled having been 13.5 billion Taiwan dollars, with a sharp rise in the +105.6%.

For Evergreen, after a series of monthly declines in turnover, the growth trend had begun last July, while for Yang Ming and Wan Hai started the next month kicking off a exponential progression with monthly percentage changes the first company were +3.3%, +11.6%, +24.1%, +29.0%, +35.2% and +44.5% and for the latter +5.9%, +18.3%, +31.5%, +41.0%, +75.7% and +105.6%.


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