Taiwan's three major shipping companies results, two profits and one loss

Wan Hai Lines’ Profit Increases Significantly

In 2019, Wan Hai Lines achieved revenue of about NT $73 billion (about US $2.4 billion) and NT $66.8 billion (about US $2.2 billion) last year, basically the same as last year.
The net profit attributable to the parent company was about NT $3.57 billion (about US $120 million), and last year it was about NT $1.12 billion (about US $37 million), a substantial increase.

Evergreen Shipping's net profit declines

In 2019, the revenue of Evergreen Shipping was about NT $190.6 billion (US $6.3 billion), and that of last year was NT $169.2 billion (US $5.6 billion), better than last year.
The net profit attributable to the parent company was about NT $112 million (US $3.7 million), down from NT $293 million (US $9.68 million) last year.

YangMing Marine significantly reduced losses

In 2019, YangMing Marine's operating revenue was approximately NT $ 149.2 billion (approximately US $ 4.93 billion), a year-on-year increase of 5.18%. The net loss was NT $ 4.31 billion (approximately US $ 140 million), compared with a loss of approximately NT $ 6.6 billion (approximately US $ 220 million) in the same period of the previous year.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.