EnThe Taiwanese liners Evergreen and Yang Ming both increased revenues, by 7% and 4% respectively, in the third quarter of 2016 vs. the second. This likely reflects improved shipping rates, as experienced by COSCO too. Yet, these figures were short of analyst expectations by 9% for Evergreen and by 13% for Yang Ming, suggesting they were not as aggressive as expected. Even allowing for this though shipping industry revenues may have grown 3.5%, the second straight quarter of growth.
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