Recently, Taiwan three big ship companies Evergreen Shipping, Wanhai Shipping, Yangming Shipping, and Oriental Overseas have announced the annual revenue in 2024.
Evergreen Marine Corp.
Revenue in December 2024 was NT $38.14 billion (US $1.16 billion), up 61.4% year on year; and revenue in 2024 was NT $463.51 billion (US $14.06 billion), up 67.5% year on year.
Evergreen Shipping said that the recent market continues to be affected by geographical changes, and due to the Lunar New Year is earlier than in previous years, the volume of goods in December 2024 has increased, leading to the rise of freight rates and revenue growth.
Yang Ming Marine Transport Corporation
In December 2024, revenue was NT $17.25 billion (US $520 million), up 62.0% year on year; in 2024, revenue was NT $222.95 billion (US $6.76 billion), up 58.4% year on year.
Yangming Shipping said that although the global market has entered an interest rate cut cycle, challenges such as trade conflicts, protectionism and geopolitical crises remain and need to be faced with caution. However, with the Lunar New Year approaching and the new US government still pending, short-term demand remains solid.
WAN HAI LINES LTD.
In December 2024, revenue reached NT $14.39 billion (US $440 million), up 72.2% year on year; and in 2024, NT $161.87 billion (US $4.91 billion), up 61.5% year on year.
Wanhai Shipping stressed that the uncertainty of the US tariff policy and geopolitical tensions in the Middle East continue to cause supply chain challenges. The company will maintain operational flexibility and examine route allocation and market changes in real time to optimize operating results.
In addition,OOCL has also released an unaudited operating summary for the whole year of 2024.
OOCL
In 2024, Oriental Overseas achieved operating revenue of $9.81 billion, up 30.2% year on year; the total cargo capacity reached 7.595 million TEU, up 3.5% year on year, and the capacity increased by 0.3%.
The overall carrier rate increased by 2.6% compared with the same period in 2023, and the average freight per box was us $1,292, up 25.8% from the previous year. In 2024, the annual total container capacity of Oriental Overseas reached 3.619 million TEU, up 7.4% year on year.
Source: SouHang Network