Thursday, June 26, 2014

YANG MING

While everyone has been discussing the poor problems of the P3 carriers, here is a real problem--

YANG Ming Marine Transport has sold a post-panamax boxship in a leaseback deal to replenish its working capital.The Taipei-listed container line said in an exchange filing that it sold the Liberia-flagged, 8,200 teu vessel for $57.5m-$58.5m and booked a gain of $2.6m-$3.6m.