Yang Ming Marine Transport has posted record quarterly profit and revenue as the containership recovery continued.

Taiwan's number two container line, after Evergreen, said the result was down to higher demand and effective cost-control measures.

Net profit was TWD 7.66bn ($248.5m) between July and September, against a loss of TWD 3.77bn in the year-ago period.

In the first nine months of this year, it made TWD 10.38bn, up from a loss of TWD 10.71bn in 2009.

Nine-month revenue was TWD 82.75bn, up 54%.

Yang Ming chairman Frank Lu told investors in Taiwan that he expected the company to remain profitable in the current quarter-a traditionally slow period-on steady shipping demand.