Yang Ming Marine Transport Corp., Taiwan’s second-largest container shipping company by revenue after Evergreen Marine Corp., expects stronger-than-expected US demand to boost its full-year profit, company Chairman Frank Lu said.
“Demand on the US routes will be robust until late November,” Lu told reporters at a luncheon, adding the company, which has agreed with its clients to increase prices on transpacific routes by between US$800 per 40-foot equivalent unit and US$1,000/FEU from May 1, recently started using larger ships on the routes to meet demand.