In the first half of 2025, Evergreen Marine’s net profit decreased by 18.2% year-on-year, Yang Ming Marine Transport’s dropped by 62.4%, and Wan Hai Lines fell by 39.4%.
Taiwan’s three major shipping companies—Evergreen Marine, Yang Ming Marine Transport, and Wan Hai Lines—have recently released their performance reports for the first half of 2025.
Evergreen Marine’s Key Performance Data for the First Half of 2025
During the reporting period, Evergreen Marine achieved revenue of approximately NT$196.45 billion (about US$6.564 billion), a year-on-year increase of 0.8%; net profit attributable to owners of the parent company was about NT$38.32 billion (about US$1.280 billion), a year-on-year decline of 18.2%.
Regarding market prospects, Evergreen Marine previously expressed optimism about the U.S. trade route and maintained a cautiously optimistic outlook for the traditional peak season in August-September this year.
Evergreen Marine analyzed that its positive outlook on the U.S. trade route is mainly due to the substantial domestic consumption in the U.S., and that Trump would not disregard public interests or harm American consumers.
Yang Ming Marine Transport’s Key Performance Data for the First Half of 2025
Another major shipping company, Yang Ming Marine Transport, reported revenue of approximately NT$84.17 billion (about US$2.808 billion) in the first half of the year, a year-on-year decrease of 12.7%; net profit attributable to owners of the parent company was about NT$8.76 billion (about US$292 million), a year-on-year decline of 62.4%.
Regarding the container shipping market in the second half of 2025, Yang Ming Marine Transport analyzed that the July 2025 “IMF World Economic Outlook” raised the global GDP growth forecast for 2025 to 3.0% and for 2026 to 3.1%, indicating that the impact of trade barriers is lower than expected. However, uncertainties in trade negotiations and evolving geopolitical situations continue to cast shadows over the market outlook.
Drewry and Alphaliner predict that the global container fleet capacity growth rate for 2025 will be 6.3% and 6.2%, respectively, while demand growth will only be 2.0% and 2.7%, meaning the supply-demand imbalance will persist.
Drewry also expects that due to the early shipment of goods in the first half, market conditions may soften in the second half. From the supply side, shipping companies continue to reroute via the Cape of Good Hope in response to security risks in the Red Sea, which has partially absorbed excess capacity.
Notably, performance across different market segments will vary in the second half: despite the traditional summer peak season, the trans-Pacific trade remains affected by uncertainty over U.S. tariffs; Asia-Europe and Asia-Mediterranean trade routes are expected to remain strong; intra-Asia demand is stable, while volatility in other segments such as Asia-Australia and Asia-Latin America requires close attention.
Facing market fluctuations, Yang Ming Marine Transport stated that it will focus on providing reliable services, implementing flexible capacity management, and exploring new markets. At the same time, the company will continue its fleet optimization plan, replacing older vessels with energy-efficient, alternative-fuel-ready ships to further enhance operational flexibility and build a low-carbon, sustainable, and secure global transportation network.
Wan Hai Lines’ Key Performance Data for the First Half of 2025
Additionally, Wan Hai Lines reported consolidated revenue of NT$71.94 billion (about US$2.4 billion) in the first half, a year-on-year increase of 9.4%; net profit attributable to owners of the parent company was NT$9.81 billion (about US$328 million), a year-on-year decrease of 39.4%.
Wan Hai Lines’ General Manager Hsieh Fu-lung previously stated, when analyzing the container shipping market outlook, that the recent resumption of shipments from mainland China has significantly increased demand for shipping space, driving up freight rates on routes such as the U.S. and Europe. Wan Hai Lines will prudently adjust its route network to actively respond to market changes.
