Yang Ming with $496 million loss in 2009

Yang Ming with $496 million loss in 2009    Yang Ming Transport Corp. this week said it had a net loss in 2009 of 15.8 billion new Taiwan dollars (NTD) ($496 million) compared to a profit of 547 million NTD in 2008.
   Operating revenue for the Taiwan carrier was about 74.5 billion NTD ($2.3 billion) compared to 117.1 billion in 2008.
   The company noted freight rates dropped sharply on main services, with the lowest freight rates averaging half of their peak in 2008.
   Yang Ming said it believes demand for liner services and their economics is on the rise, and the company will strengthen management of operation and enhance its competitive advantage to make a profit in 2010.