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Taiwanese ocean carrier Yang Ming reported a net loss of US$4.27 million in Q2 2023, despite achieving a profit of US$107.04 million in the first half of the year. The company cited inflation and uncertainty in the global economy, as well as declining freight rates, as factors affecting revenue. Yang Ming expects oversupply to continue dominating the maritime market, but anticipates an increase in container shipping demand following the resolution of the Russia-Ukraine conflict.
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