In April, the revenues of Evergreen, Yang Ming and Wan Hai all declined!
The "three giants of container shipping" in Taiwan Province of China recently announced their revenue data for April. Affected by the tariff policy of US President Trump, the monthly revenue of Evergreen Marine, Yang Ming Marine Transport and Wan Hai Lines all declined month-on-month.
Evergreen Marine's consolidated revenue in April was NT$30.005 billion (approximately RMB 7.18 billion), a monthly decrease of 10.40% and an annual decrease of 5.69%. The consolidated revenue in the first four months of this year was NT$139.975 billion (approximately RMB 33.48 billion), an annual increase of 16.21%.
Evergreen Marine said that recently, under the dynamic adjustment of US tariff policies and the continuous supply chain, the market is facing the impact of changes in economic and trade relations, which further affected its revenue performance in April.
Yang Ming Marine's consolidated revenue in April was NT$12.493 billion (approximately RMB 3 billion), a monthly decrease of 5.56% and an annual decrease of 16.4%, mainly due to the impact of the slowdown in market demand leading to a drop in freight rates. The consolidated revenue for the first four months of this year was NT$58.009 billion (approximately RMB 13.88 billion), a year-on-year decrease of 1.25%.
Yang Ming Marine Transport pointed out that the recent container shipping market has been affected by US trade policies and economic risks, and cargo demand has been weak. On May 6, the United States and the Houthi organization in Yemen reached a ceasefire agreement, but according to a statement by the Houthi organization, the ceasefire agreement did not prohibit it from attacking Israeli ships. Therefore, under security considerations, it is still impossible to determine when the Red Sea can resume normal traffic in the short term.
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Wan Hai Lines' consolidated revenue in April was NT$11.438 billion (approximately RMB 2.74 billion), a monthly decrease of 2.94% and an annual increase of 13.16%. The consolidated revenue for the first four months of this year was NT$48.528 billion (approximately RMB 11.6 billion), a year-on-year increase of 28.63%.
Wan Hai Lines said that in the first four months of this year, freight rates on Asia-region routes rose by more than 30% year-on-year, and overall cargo volume performed strongly. The company's revenue from Asia-bound routes accounts for about 40% of the consolidated revenue, which will strongly support the stable growth of performance.
At the same time, the price of long-term contracts for US routes has increased by 30%-40% compared with last year, reflecting the recovery of terminal market demand and sending a positive signal for the performance in the second half of the year. As the recent shipping market has been disturbed by uncertain factors such as regional geopolitical conflicts and international exchange, the company will prudently adjust its route layout and actively respond to market changes.
