On August 8th, Evergreen, Yang Ming, and Wan Hai Shipping released their revenue data for July 2025, showing a year-on-year decrease but a month-on-month growth for these three major shipping companies.
Following the Red Sea crisis in 2024, these three shipping companies demonstrated excellent operating profit margins. However, impacted by the Trump 2.0 tariffs, Evergreen, Yang Ming, and Wan Hai Shipping experienced a year-on-year decline in revenue for the first seven months of the year. Nevertheless, the good news is that all three companies achieved month-on-month growth in July. Specifically, Evergreen Shipping recorded a revenue of 33.6 billion New Taiwan Dollars in July, Yang Ming Shipping at 15.4 billion New Taiwan Dollars, and Wan Hai Shipping at 12.4 billion New Taiwan Dollars.
These three shipping companies will announce their first-half performance reports next week.
Evergreen Shipping saw a 7.74% year-on-year decline in revenue for the first seven months. In July 2025, its operating income reached 336.05 billion New Taiwan Dollars, down 38.22% year-on-year but up 11.61% month-on-month. Over the first seven months, Evergreen Shipping accumulated operating income of 2,300.60 billion New Taiwan Dollars, a 7.74% year-on-year decrease.
According to the latest data from Alphaliner, Evergreen Shipping ranks 7th globally among container shipping companies in terms of capacity, operating 230 vessels with 152 owned and 78 chartered vessels, totaling 1.858 million TEU. Additionally, Evergreen Shipping has 49 newbuild orders totaling 739,000 TEU.
Yang Ming Shipping experienced an 18.21% year-on-year decline in revenue for the first seven months. In July 2025, its revenue was 154.84 billion New Taiwan Dollars, down 39.18% year-on-year but up 12.16% month-on-month. Over the first seven months, Yang Ming Shipping's cumulative revenue reached 996.58 billion New Taiwan Dollars, an 18.21% year-on-year decrease.
According to Alphaliner's latest data, Yang Ming Shipping ranks 10th globally among container shipping companies in terms of capacity, operating 101 vessels with 60 owned and 41 chartered vessels, totaling 726,000 TEU. Additionally, Yang Ming Shipping has 18 newbuild orders totaling 230,500 TEU.
Wan Hai Shipping experienced a 1.78% year-on-year decline in revenue for the first seven months. In July 2025, its revenue was 124.16 billion New Taiwan Dollars, down 38.26% year-on-year but up 1.72% month-on-month. Over the first seven months, Wan Hai Shipping's cumulative revenue reached 843.58 billion New Taiwan Dollars, a 1.78% year-on-year decrease.
According to Alphaliner's latest data, Wan Hai Shipping ranks 11th globally among container shipping companies in terms of capacity, operating 113 vessels with 112 owned and 1 chartered vessel, totaling 537,500 TEU. Additionally, Wan Hai Shipping has 33 newbuild orders totaling 368,000 TEU.