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Yang Ming Charts Course Through Volatile Market With Fleet Modernization Push

Yang Ming International Line is proceeding with its vessel renewal program despite first-quarter profit declines, the Taiwanese carrier's leadership said Tuesday. The shipper expects elevated freight rates to persist through the second and third quarters as peak season demand materializes early this year. However, management cautioned that market forecasting becomes increasingly difficult beyond that period, citing ongoing geopolitical and economic uncertainties. The carrier's chairman, Chuck Tsai Feng-ming, outlined the strategy during the company's annual shareholder meeting. Yang Ming joins other major ocean carriers in modernizing fleets to improve efficiency and reduce emissions. The company's outlook reflects broader industry expectations of near-term rate strength tempered by longer-term unpredictability. This uncertainty affects vessel deployment and scheduling decisions across the container shipping sector.