EMC, the Taiwan listed shipping arm of the Evergreen Group, released the week
before its monthly revenue for May, which was up 1% MoM and 34% YoY. There was
no dip in revenue despite of the spot freight rate correction between February
and April.
Last week, Yang Ming and Wan Hai reported stronger MoM increase in their monthly
revenue in May than Evergreen. These monthly revenue levels in May were better
than any single month in 2023 and comparable to the level at end of 2022 or
2020. Further up