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Higher bunker prices hit Yang Ming in H1

Taiwanese liner company Yang Ming's deficit grew in the second quarter, a significant factor being the 25 percent increase in bunker cost. The company hopes for better conditions as early as next year.

Photo: Ted S. Warren/Polfoto/Arkiv

Similar to its container market competitors, Yang Ming is affected by the considerable hike in bunker prices this year.

The carrier writes in its H1 interim report that bunker prices have grown by 25 percent between last year and 2018. This means that Yang Ming's deficit grew to USD 129.1 million in Q2 this year, which is higher than in the both the first quarter of this year as well as the same quarter in 2017.

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