Yang Ming expects strong box shipping rates to continue
Yang Ming will further strengthen its Asia-Europe services as it is evaluating newbuilding projects for ships of 23,000-24,000 teu, according to its chairman Cheng Cheng-Mount
With the rampancy of the Delta coronavirus variant and the flooding in Europe, the severe port congestion and logistics bottlenecks are unlikely to be resolved any time soon. This is expected to continue, thereby bolstering freight rates for carriers
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