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Shipping Company Hands Workers 30 Months’ Salary as Mid

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May 18, 2023

Shipping Company Hands Workers 30 Months’ Salary as Mid

The Yang Ming Marine Transport Corp. YM Wonderland container ship in Shenzhen,

The Yang Ming Marine Transport Corp. YM Wonderland container ship in Shenzhen, China.

Cindy Wang and

Jennifer Creery

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Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global cargo as the industry continues to benefit from earlier pandemic gains.

Yang Ming Marine Transport Corp. is awarding workers up to 30 months salary on their next payday after shareholders approved the NT$2.3 billion (US$75 million) bonus last Friday, according to an Economic Daily News report Thursday. That's in addition to a year-end bonus worth 12 months of salary paid at the beginning of this year.