The Taiwanese containerlines reported first quarter revenues that increased 12% on average on a year earlier, but had significant differences individually. Evergreen reported an 18% jump, lagging only COSCO’s acquisition-driven gain. Wan Hai meanwhile saw a 1% drop, possibly due to a weak performance in February around the lunar new year holidays. Yang Ming managed a 12% expansion, driven by volume expansion despite its financial concerns. With just CMA-CGM and Hyundai Merchant Marine left to report, Panjiva analysis shows containerline industry revenues likely increased 6% in the fir...
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