TPE:2609

Capital Securities Downgrades Yang Ming Marine Transport to Neutral from Buy; Price Target is NT$52

Market Chatter: Yang Ming Marine Raises Container Shipping Rates Amid High Oil Prices

Yang Ming Marine Transport (TPE:2609) hiked its container shipping rates, notifying customers of a general rate increase effective May 15, as higher fuel costs and geopolitical tensions continue to push up operating expenses, CNA reported Thursday.The carrier will add $1,800 per 20-foot container and $2,000 per 40-foot container on Far East-North America routes, the report said, citing its customer notice.The adjustment comes as shipping lines pass through rising costs linked to volatile oil prices and disruptions affecting global routes amid the US-Iran conflict, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)