Evergreen and Yang Ming suffer Q3 loss; Wan Hai in profit

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Taiwan’s container carriers Evergreen Marine and Yang Ming Marine Transport Corp have sank into the red in the third quarter, while Wan Hai Lines has maintained a profit.

Evergreen nposted a third quarter loss of TWD2.41bn ($74.05m) as against a profit of TWD1.86bn in the same period of 2014. Revenue for the three months ended 30 September 2015 was recorded at TWD33.04bn, down 12.1% from TWD37.6bn in the previous corresponding period.

Yang Ming also posted a larger deficit of TWD4.23bn, a reversal from the gain of TWD1.4bn in the year-ago period. Revenue for Yang Ming went down 14.5% year-on-year to TWD31.9bn.

Meanwhile, Wan Hai, the smaller of the three carriers, remained profitable with a gain of TWD1.06bn in the July-September 2015 period, down from the profit of TWD1.81bn in the year-ago period.

Revenue, however, dipped by 13.3% year-on-year to TWD15.27bn.

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