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Yang Ming Marine Transport Corp is not considering conducting a capital reduction in the short term, but might evaluate the possibility of retiring some stock repurchased from the market, company chairman Cheng Cheng-mount told an annual shareholders’ conference in Keelung yesterday. Cheng’s comment came after several minor shareholders suggested that Yang Ming Marine Transport should ...

Yang Ming Marine Transport Corp (陽明海運) is not considering conducting a capital reduction in the short term, but might evaluate the possibility of retiring some stock repurchased from the market, company chairman Cheng Cheng-mount (鄭貞茂) told an annual shareholders’ conference in Keelung yesterday. Cheng’s comment came after several minor shareholders suggested that Yang Ming Marine Transport should reduce its capital and return cash to shareholders, following the example of its local peer Evergreen Marine Corp (長榮海運). The shareholders also complained about Yang Ming Ma...

Shipping firm sees easing of supply-chain bottlenecks

Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year.

By Cindy Wang and Yvonne Man (Bloomberg) — Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing,...