Evergreen Marine's 2025 profits plummet 48% to $2.2B as freight rates crash, with revenues also declining significantly in early 2026.
Evergreen Marine reported that its 2025 net profits fell 48 per cent to US$2.2 billion, down from $4.2 billion a year earlier, according to reports from London's S&P Global.
The carrier informed the Taiwan stock exchange that revenues dropped 18 per cent last year, totaling $12.2 billion compared to $15 billion in 2024. Additionally, revenues for January and February 2026 were down 23 per cent year on year, amounting to $1.9 billion.
As the largest of Taiwan's Big Three carriers, Evergreen noted that freight rates on major trades experienced a significant slump in 2025. Data from the Shanghai Shipping Exchange indicated that Asia-US West Coast rates fell by 52 per cent to $2,188 per TEU, while Asia-US East Coast rates dropped by 50 per cent to $3,033 per TEU.
The company stated that the average revenue per TEU began to decline last August; however, monthly liftings remained steady at approximately 930,000 TEU. Evergreen did not provide further details in its filing.
In a separate filing, Evergreen announced plans to invest over $247 million to lease 98,796 containers from seven leasing firms and its affiliate, Gaining Enterprise.
