Evergreen, Yang Ming, and Wan Hai report over 50% revenue growth in Q3 2026, driven by strong market conditions and elevated freight rates.
Evergreen Marine, Yang Ming Marine Transport, and Wan Hai Lines have each released their September 2026 revenue figures, with all three carriers reporting year-on-year revenue growth for the month and third-quarter year-on-year increases surpassing 50%. The results reflect the continued strength of container shipping market conditions, underpinned by elevated freight rates and sustained cargo volumes. Wan Hai Lines recorded September revenue ahead of Yang Ming and posted the highest third-quarter revenue growth rate among the three carriers.
Evergreen Marine generated operating revenue of NT$49.71 billion (approximately US$1.57 billion) in September 2026, representing a year-on-year increase of 63.8% and a month-on-month increase of 1.5%. For the first three quarters of 2026, cumulative operating revenue reached NT$338.45 billion (approximately US$10.67 billion), up 15.4% year-on-year. Third-quarter cumulative revenue stood at NT$146.78 billion (approximately US$4.63 billion), a year-on-year increase of 51.4%.
Yang Ming Marine recorded operating revenue of NT$21.70 billion (approximately US$680 million) in September 2026, up 69.9% year-on-year and broadly flat month-on-month. Cumulative operating revenue for the first three quarters of 2026 reached NT$148.73 billion (approximately US$4.69 billion), up 17.8% year-on-year. Third-quarter cumulative revenue totalled NT$64.15 billion (approximately US$2.02 billion), reflecting a year-on-year increase of 52.4%.
Wan Hai Lines reported operating revenue of NT$21.78 billion (approximately US$690 million) in September 2026, a year-on-year increase of 97.6% and a month-on-month increase of 13.4%. For the first three quarters of 2026, cumulative operating revenue reached NT$136.16 billion (approximately US$4.29 billion), up 27.3% year-on-year. Third-quarter cumulative revenue amounted to NT$59.61 billion (approximately US$1.88 billion), representing a year-on-year increase of 70.2% - the highest growth rate among the three carriers.
Across all three carriers, third-quarter revenue growth reflects the continued strength of container shipping market fundamentals, with freight rates remaining at elevated levels and cargo demand providing consistent support. Wan Hai Lines' September revenue surpassing that of Yang Ming, combined with its leading third-quarter growth rate, underscores the continued momentum of its intra-Asia and regional route network.
