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22 January 2022 The on-line newspaper devoted to the world of transports 03:53 GMT+1

January 10, 2022

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Original news
Extraordinary increase in annual revenues of companies Taiwanese Yang Ming and Wan Hai Lines

Recorded growth of +120.2% and +149.4% respectively about 2020

As well as for compatriot Evergreen Marine Corporation, also for the other two major companies of Taiwanese containerized shipping Yang Ming Marine Corporation and Wan Hai Lines (WHL) 2021 was a record year for corporate financial performance. At least it was for that which concerns revenues, the only item in the annual financial statements so far rendered known by the companies.

Last year Yang Ming recorded record turnover of 334.5 billion Taiwan dollars ($12.1 billion) USA), with an exceptional increase of +120.2% compared to 2020 when the previous historical peak with 151.98 was marked billions of Taiwanese dollars. On December 31, the company also celebrated new historical records of half-yearly revenues and quarterly: the first was totaled in the second half of 2021 with 198.9 billion Taiwanese dollars and a growth of +132.7% on the second half of the previous year, while the second record was achieved in the last quarter of 2021 with revenues of 103.5 billion and an increase of +121.9% on corresponding period of 2020. It should be noted that, relatively to half-yearly revenues, the previous record had been obtained in the first half of 2021, and in relation to quarterly revenues, in every subsequent quarter of 2021 Yang Ming broke the historical record set in the previous period.

For Wah Hai Lines, the revenues for the 2021 financial year are amounted to the record value of 228.0 billion Taiwan dollars (8.2 billion US dollars), with an extraordinary increase in +149.4% on the previous year. Also for WHL the second semester of 2021 was a record half-year period as revenues, which amounted to $141.4 billion Taiwanese, +194.6% more than in the second half of the previous year. it did not constitute a new record historical the value of revenues recorded by the company in the last quarter of 2021, historical record that was marked in the third quarter of the year with 70.7 billion Taiwanese dollars. However, revenues of 70.6 billion Taiwanese dollars totaled in the October-December quarter of 2021 represent the new record for this time of year as well as a increase of +149.4% on the fourth quarter of 2020.

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