Seatrade-Maritime: Yang Ming Marine’s profit drops 81.5% in Q1

Published by Seatrade-Maritime

Due to a slight downward freight rate trend in Q1 compared to last year and ship deployment caused by the geopolitical situation in the Middle East, Yang Ming’s consolidated revenues for the first quarter totalled NT$38.66bn ($1.22bn), a fall of 15%. Net profit for the period stood at NT$1.44bn, down by 81.5%.

“Looking ahead to global economic and trade developments in 2026, geopolitical risks and evolving trade policies remain major sources of uncertainty,” said Yang Ming.

In response to market uncertainties, the line said it continues to strengthen its business deployment and cost competitiveness to capitalise on the recovery of post-Labor Day shipments and the upcoming peak-season demand.

The company will continue expanding cargo sourcing, improving schedule reliability and slot utilisation, and flexibly deploying its fleet to enhance market share and strengthen revenue performance.

To strengthen its core business competitiveness, the board also approved a container renewal plan to introduce new self-owned containers to provide customers with safer, more sustainable transport services while simultaneously reducing maintenance and leasing expenses.

Moving forward, Yang Ming said it will maintain a close watch on market demand and shifts in cargo flows to provide a comprehensive and competitive shipping network.