Evergreen, Wan Hai, and Yang Ming report significant year-on-year revenue growth for October 2026, with varying month-on-month performances.
Evergreen Marine Corporation, Yang Ming Marine Transport, and Wan Hai Lines have each released their revenue figures for October 2026. All three carriers recorded substantial year-on-year growth for the month, though month-on-month performance diverged: Evergreen and Wan Hai advanced by approximately 8%, while Yang Ming posted a slight sequential decline. On a cumulative basis, all three carriers maintained positive year-on-year revenue growth through the first ten months of the year.
Evergreen Marine recorded operating revenue of NT$53.60 billion (approximately US$1.67 billion) in October 2026, representing a year-on-year increase of 96.1% and a month-on-month increase of 7.8%. Cumulative operating revenue for the first ten months reached NT$392.05 billion (approximately US$12.34 billion), up 22.2% year-on-year. The near-doubling of single-month revenue on a year-on-year basis, combined with sustained double-digit cumulative growth, signals a marked improvement in Evergreen's route revenue performance relative to the prior-year period.
Yang Ming Marine reported October operating revenue of NT$21.04 billion (approximately US$650 million), reflecting year-on-year growth of 82.4% and a month-on-month decline of 3.0%. Cumulative operating revenue for the first ten months stood at NT$169.77 billion (approximately US$5.34 billion), up 23.2% year-on-year. The modest sequential decline alongside robust year-on-year expansion points to shifts in freight rates or cargo volume patterns in October relative to September.
Wan Hai Lines posted October operating revenue of NT$23.44 billion (approximately US$730 million), up 124.4% year-on-year and 7.6% month-on-month - the strongest single-month year-on-year gain among the three carriers. Cumulative operating revenue for the first ten months reached NT$159.60 billion (approximately US$5.02 billion), reflecting year-on-year growth of 35.9%, the highest cumulative rate among the group.
Taken together, the October results demonstrate that all three carriers achieved year-on-year revenue growth in excess of 80%, a performance underpinned by the low comparative base of the prior year and the supportive freight rate environment that has characterized 2026. The divergence in sequential trends reflects differences in route composition, freight rate timing, and cargo scheduling across the three operators. Cumulative revenue through October remains positive for all three carriers, with Wan Hai leading on growth rate and Evergreen and Yang Ming sustaining double-digit gains. Freight rate trajectories, peak-season cargo volumes, and route adjustments will continue to shape the full-year revenue outcomes for all three carriers.
