Taiwan's top ocean carriers report significant revenue drops in 2025 due to falling freight rates, with Evergreen, Yang Ming, and Wan Hai affected.
Taiwan's three largest ocean carriers saw revenues decline in 2025 as weaker freight rates impacted earnings, reported New York's Journal of Commerce.
Evergreen Marine, the largest of the trio, reported an 18 per cent revenue drop to US
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5 billion in 2024. Yang Ming experienced the steepest decline, with revenue falling 27 per cent to $5.3 billion from $7 billion. Wan Hai Lines recorded a 13 per cent decrease, bringing its revenue to $4.5 billion.The carriers did not disclose profit figures, which are expected to be released later. Their results reflect a broader trend among operators, with OOCL reporting a 10.6 per cent decline to $8.7 billion last year.
Transpacific services remained the largest revenue source for the Taiwanese carriers. Spot rates from Shanghai to the US West Coast plummeted 56 per cent during 2025, reaching US$2,188 per FEU, according to data from the Shanghai Shipping Exchange.
Yang Ming noted that a pre-Chinese New Year cargo rush was boosting volumes and supporting a rebound in early 2026, a momentum the company expects to maintain until mid-February.