As container spot rates continue to wane and close in on contract rates two more ocean carriers have reported record first quarter earnings. Taiwanese carrier Yang Ming posted a net profit for Q1 of $2.2bn, achieved from a 71% increase in revenue, compared to the first quarter of 2021, at $3.8bn. And South Korean flagship carrier HMM saw Q1 net profit hit $2.4bn on revenue of $3.8bn, 103% higher year on year. Yang Ming …
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