YANGMING MARINE POSTS SECOND-HALF LOSS

YANGMING MARINE POSTS SECOND-HALF LOSS

   Yangming Marine Transport Corp., Taiwan’s second-largest shipping
company, reported a NT$580-million loss ($27 million) during the second
half of 1998.
   Yangming blamed the loss on cargo imbalance between the U.S. and Asia.
   The line, which adopted a special six-month fiscal year in 1998 to bring
its accounting period in line with calendar year 1999, reported sales of
NT$19.26 billion ($897 million).
   Yang Ming also reported that it plans to borrow NT1.55 billion to
purchase 22,000 TEUs worth of shipping containers later this year.