Yang Ming sees signs of "weaker" container demand

The Taiwanese shipping company reports a third quarter deficit and sees signs of "weaker demand" in the container market.

Taiwanese liner company Yang Ming sees signs of container freight demand becoming weaker than initially anticipated, according to a statement on the third quarter report, which shows a deficit of NTD 1.4 billion (USD 44.4 million)

The company refers to maritime analyst firm Alphaliner's forecast that container market capacity will grow by 3.7 percent, while the increase in transported containers is expected to be around "only 2.5 percent."

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