Supply Chain Research

Container line Yang Ming completed approval for an equity capital increase that grew its share count by 17% and raised $87 million in new equity. On the basis of its latest financial report that is hardly transformative, cutting its net debt vs. capital ratio to 77% from 80%. That leaves it still the most heavily indebted container-line. The deal brings the total raised this year in the maritime sector to $7.1 billion, 47% higher than a year earlier and the largest since 2014. With only a few weeks of the year left, significant new deals are unlikely to complete during 2017.