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Yang Ming Marine reported lower profitability in the third quarter due to weaker freight rates
For the period, Yang Ming reported consolidated revenues of NT$ 42.09 billion ($1.35 billion), declined 40.53%, after-tax profit of NT$ 6.05 billion a drop of 78.24%.
The company said that compared with the same period in 2024, weaker freight rates resulted in softer profitability. Despite persistent global trade-policy uncertainty and elevated geopolitical risks, Yang Ming has continued to maintain schedule reliability and enhance operational efficiency, supporting steady business performance.
“In the container-shipping market, Alphaliner’s October 2025 projection estimated global capacity growth at 6.8% and demand growth at 2.0%, implying continued oversupply. “However, the implementation of environmental regulations, such as the EU Emissions Trading System and FuelEU Maritime, together with stricter decarbonization requirements, is expected to accelerate the phase-out of older vessels and moderate effective capacity through slow steaming and fleet renewal,” said Yang Ming.
“Furthermore, the temporary pause in US – China tariff tensions may help stimulate pre-Lunar New Year shipment demand on Trans-Pacific routes. The Intra-Asia and Middle East markets are expected to remain steady, supported by stable demand. Nevertheless, continuing Red Sea disruptions and Cape of Good Hope rerouting, along with port congestion in Europe, may continue to affect capacity deployment, added the company.
Yang Ming said it will continue to closely monitor market developments and respond with agility through service-network optimisation and operational adjustments.
