Yang Ming Marine Transport Corporation (Yang Ming) said it is "cautiously optimistic" about the rest of the year on the back of continued uncertainties in the market.

The Taiwan-based global carrier reported consolidated revenues of NT$ 99.81 billion (US$ 3.41 billion), although it did not provide a comparison to prior quarters.

In August though, Yang Ming saw Q2 consolidated revenue reach US$3.8 billion. 

Yang Ming said in its brief update that its profit after-tax in Q3 reached NT$ 49.75 billion (US$1.7 billion).

"In the first three quarters of 2022, the ongoing Russia-Ukraine war and global inflation surge had an impact on the container shipping industry," the shipping line said.

"The unresolved port congestion and stalled U.S. West Coast contract negotiations also added uncertainty in the supply chain," it added.

For the first three quarters of 2022, Yang Ming's consolidated revenues totalled NT$ 315.96 billion (US$10.79 billion).

The company's profit after tax for the first three quarters improved by 50.95% year-on-year to NT$ 165.86 billion (US$5.66 billion), which could be attributed to hefty freight rates for the past quarters.

"In the face of these challenges, Yang Ming will continue to maintain schedule integrity and remain cautiously optimistic in the fourth quarter," Yang Ming further said.