7 January 2025
Freight News

Yang Ming Eyes Higher Contract Rates, with a ‘Focus on the Transpacific’

Yang Ming management expects oversupply concerns to ease this year as detours round the Cape of Good Hope continue.

The gap between container shipping supply and demand was 8% in 2024, and is expected to narrow to 4% in 2025, added the carrier.

CCO Kevin Lee added that, with freight rates being higher year on year and with high port handling costs, Yang Ming is optimistic about negotiating higher contract shipping rates this year.

Read more in an article from The Loadstar.

More news

Demande de soumission

Faites-nous part des détails de votre demande d’évaluation de coûts.

Request a quote

Let us know the details of your cost estimate request.