The three main Taiwanese carriers' July revenue came out flat MoM but remained
down 67% YoY. The three liners' aggregate revenue held steady at $1.4 Bn a month
which is 70% lower than the cycle peak in January 2022 but remain 40% above the
average level before 2020.
Long haul trade volumes have rebounded in July based on Linerlytica's capacity
and utilization data, but the average freight rates based on the CCFI was down
5% MoM in July.
EMC, the Taiwan listed arm of the Evergreen Group, was t