[pdf-embedder url="http://www.olgn.org/wp-content/uploads/2017/05/2.YANG-MING-EXPECTS-2ND-STAGE-OF-ECAPITALIZATION-BY-JUNE.pdf" title="2.YANG MING EXPECTS 2ND STAGE OF ECAPITALIZATION BY JUNE"]      

    [pdf-embedder url="http://www.olgn.org/wp-content/uploads/2017/04/6.-Customer-Advisory-Yang-Ming-Financial-Status-Update.pdf" title="6. Customer Advisory-Yang Ming Financial Status Update"]     [pdf-embedder url="http://www.olgn.org/wp-content/uploads/2017/04/6b.-Financial-Status-Update-Apr-24-2017.pdf" title="6b. Financial Status Update Apr 24 2017"]

  Sourced from Cntracking     Quote     YANG MING LOSSES CONTINUE TO MOUNT AFTER 2016 REVENUE SLUMP Taiwanese ocean carrier Yang Ming has added a 2016 US$492m loss to the net deficit of $258m the previous year.   Revenue plunged to TWD115.4bn, from TWD127.6bn in 2015.   Lars Jensen, chief executive and partner [...]

  Here the reaction of Yang Ming Line on the previous articles:     Quote     Yang Ming reiterates its financial recovery plan   23 January, 2017   DearValued Customers: This advisory will update you further on Yang Ming’s most recent efforts to maintain competitiveness in the market. Since the announcement of the Taiwanese [...]

  Another information coming from Yang Ming:     Quote     Yang Ming outlines financial recovery plan JOC. Jan 22, 2017   Yang Ming Line said it can draw on a $1.9 billion state fund should it need financial assistance as the carrier prepares a recapitalisation plan that will see the Taiwan government extending [...]

  We got the following from Yang Ming Lines:   Quote     Drewry expresses concern over Yang Ming's high debt Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs." By Chris Dupin |Friday, January 20, 2017     Source: Sheila [...]