Yang Ming posts Q1 net loss of $184.63m

Container line Yang Ming booked a huge net loss in the first quarter ended 31 March 2012, Seatrade Asia online reports. The Taiwanese shipping line posted a net loss of NT$5.39bn ($184.63m), a plunge from a net profit of NT$119.96m. Revenue during the quarter was stable at NT$21.29bn compared to NT$22.9bn in the same period of 2011. Yang Ming also revealed a heavy operating loss of NT$6.38bn compared to a loss of NT$526.76m a year ago.