Shipping界网 news: On July 10, Evergreen Marine, Yang Ming Marine Transport, and Wan Hai Lines successively announced their June 2025 revenues, all showing year-on-year declines but month-on-month increases. Meanwhile, the fire in the cargo hold of the “WAN HAI 503” (Wanchun) has been brought under control, with only residual smoke remaining, and the ship’s structure remains in good condition.
Specifically, impacted by the Trump 2.0 tariffs, the revenues of the three major liner companies—Evergreen, Yang Ming, and Wan Hai—dropped significantly in the second quarter. The good news is that all three companies achieved month-on-month growth in June. Evergreen Marine’s June revenue rebounded to NT$30.1 billion, Yang Ming Marine Transport’s June revenue rose to NT$13.8 billion, and Wan Hai Lines stabilized at NT$12.2 billion.
**Evergreen Marine’s H1 revenue up 0.76% YoY**
Evergreen Marine reported June 2025 revenue of NT$30.11 billion (US$1.01 billion), down 28.9% year-on-year.
In the first half of 2025, Evergreen Marine’s cumulative revenue reached NT$196.46 billion (US$6.17 billion), a 0.76% increase year-on-year.
Notably, due to the impact of Trump 2.0 tariffs, the company’s Q2 cumulative revenue was NT$86.49 billion (US$2.72 billion), down 18.7% year-on-year.
According to the latest Alphaliner data, Evergreen Marine ranks 7th globally among the top 100 liner companies by capacity, operating 229 vessels—152 owned and 77 chartered—with a total capacity of 1.846 million TEU. Additionally, Evergreen holds orders for 50 newbuild vessels totaling 755,000 TEU.
**Yang Ming Marine Transport’s H1 revenue down 12.7% YoY**
Yang Ming Marine Transport reported June 2025 revenue of NT$13.8 billion (approx. US$470 million), down 33.4% year-on-year.
In the first half of 2025, Yang Ming’s cumulative revenue was NT$84.17 billion (approx. US$2.64 billion), a 12.7% decline year-on-year.
In Q2, Yang Ming’s cumulative revenue was NT$38.66 billion, down 26.5% year-on-year.
Dr. Tsai Feng-ming, Chairman of Yang Ming Marine Transport, recently stated, “Currently, cargo volumes on the Asia-Europe route are stable, but trans-Pacific volumes have declined…”
He hinted that the peak season, particularly for the trans-Pacific route, may have ended prematurely.
He noted, “In the first half of this year, during the suspension of tariffs on Chinese goods, U.S. importers rushed to stockpile. Now, they are digesting their inventories.”
The Yang Ming chairman also mentioned that five 15,500-TEU container ships currently under construction at HD Hyundai Heavy Industries will be deployed on the East Coast South America route after delivery in April 2026, covering ports such as Santos and Rio de Janeiro in Brazil, and Buenos Aires in Argentina, to mitigate the impact of U.S. protectionism.
He added, “We will propose to the board the construction of 20,000-TEU vessels for deployment on the Asia-Europe route to meet export demand to Europe.”
However, he clarified that Yang Ming will not follow Mediterranean Shipping Company’s strategy of deploying ultra-large container ships on the Asia-West Africa route.
According to Alphaliner, Yang Ming ranks 10th globally among the top 100 liner companies, operating 100 vessels—60 owned and 40 chartered—with a total capacity of 725,000 TEU. Additionally, Yang Ming holds orders for eight newbuild vessels totaling 101,500 TEU.
**Wan Hai Lines’ H1 revenue up 9.4% YoY**
Wan Hai Lines reported June 2025 revenue of NT$12.21 billion (approx. US$410 million), down 26.5% year-on-year.
In the first half of 2025, Wan Hai’s cumulative revenue was NT$71.97 billion (approx. US$2.26 billion), up 9.4% year-on-year.
In Q2, Wan Hai’s cumulative revenue was NT$34.88 billion, down 8.6% year-on-year.
Meanwhile, on July 9, Wan Hai Lines updated the latest progress on the “WAN HAI 503” (Wanchun) incident on its official website.
Wan Hai stated, “Currently, the fire in the cargo hold of the ‘WAN HAI 503’ (Wanchun) has been controlled, with only residual smoke remaining. Rescue teams continue cooling and monitoring operations. The ship’s structure remains in good condition, with no signs of pollution, and assessments and applications for a port of refuge are underway.”
According to Alphaliner, Wan Hai ranks 11th globally among the top 100 liner companies, operating 112 vessels—111 owned and 1 chartered—with a total capacity of 535,000 TEU. Additionally, Wan Hai holds orders for 33 newbuild vessels totaling 368,000 TEU.
