Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated revenues in Q1 totaled NT$ 43.8 billion (US$ 1.39 billion). The net profit after tax stood at NT$ 9.38 billion (US$ 298.42 million), with an EPS of NT$ 2.69. In Q1 2024, the supply chains of container shipping industry encountered challenges from the Red Sea crisis, leading vessels to divert to the Cape of Good Hope, which absorbed vessel capacity. Meanwhile, demand improved given the gradual enhancement in the manufacturing PMI of major economies, smooth inventory destocking on the client side, and manufacturers resuming production post-Chinese New Year. Overall, the Company delivered positive results in Q1. (....)