Evergreen Marine Corporation, Yang Ming Marine Transport and Wan Hai Line announced their first-quarter 2025 financial results
On May 13th, Evergreen Marine Corporation, Yang Ming Marine Transport and Wan Hai Line announced their first-quarter 2025 financial results. In the first quarter, Evergreen Marine's net profit reached 850 million US dollars, an increase of 52.8% year-on-year. Wan Hai Shipping's net profit was 260 million US dollars, an increase of 88.9% year-on-year. Yang Ming Marine Transport's net profit in the first quarter was 240 million US dollars, a year-on-year decrease of 16.9%.
Evergreen Marine Corporation's net profit in the first quarter was 850 million US dollars, an increase of 52.8% year-on-year
In the first quarter of 2025, Evergreen Marine Corporation achieved a cumulative operating revenue of NT $109.97 billion (approximately US $3.34 billion), representing a year-on-year growth of 24.1%. The gross profit was NT $33.30 billion (approximately US $1.01 billion), representing a year-on-year increase of 75.7%. The operating profit was 29.33 billion New Taiwan dollars (approximately 890 million US dollars), increasing by 87.4% year-on-year. The pre-tax net profit was 31.98 billion New Taiwan dollars (approximately 970 million US dollars), representing a year-on-year increase of 51.9%. Net profit in the first quarter was 27.84 billion New Taiwan dollars (approximately 850 million US dollars), representing a year-on-year increase of 52.8%. The net profit attributable to the parent company was NT $27.36 billion (approximately US $830 million), representing a year-on-year increase of 57.4%, or earnings per share of NT $12.64.
Meanwhile, on May 13th, the 2,300 TEU container ship "EVER WISH" built by CSSC Huangpu Wenchong for Evergreen Marine Corporation was delivered and left the factory for operation on the same day, six months earlier than the contract period.
The "EVER WISH" is the eighth vessel of this series and a powerful testament to the continuous deepening of cooperation and collaborative progress between Huangpu Wenchong and Evergreen Marine.
According to the latest data from Alphaliner, Evergreen Marine Corporation ranks 7th globally among the top 100 liner companies in terms of capacity. It operates 227 vessels, including 148 owned vessels and 79 leased vessels, with a total capacity of 1.813 million TEUs. In addition, Evergreen Marine Corporation also holds 54 new shipbuilding orders totaling 783,000 TEUs.
Yang Ming Marine Transport's net profit in the first quarter was 240 million US dollars, a year-on-year decrease of 16.9%
In the first quarter of 2025, Yang Ming Marine Transport achieved a cumulative operating revenue of NT $45.51 billion (approximately US $1.38 billion), representing a year-on-year growth of 3.9%. The gross profit was NT $9.56 billion (approximately US $290 million), a year-on-year decrease of 5.4%. Operating profit was 7.22 billion New Taiwan dollars (approximately 220 million US dollars), a year-on-year decrease of 8.5%. The pre-tax net profit was NT $10.09 billion (approximately US $3.1 million), a year-on-year decrease of 13.2%. The net profit in the first quarter was 7.85 billion New Taiwan dollars (approximately 240 million US dollars), a year-on-year decrease of 16.9%. The net profit attributable to the parent company was 7.78 billion New Taiwan dollars (approximately 240 million US dollars). Earnings per share were NT $2.23.
Given the ongoing uncertainties in geopolitics, the economy and supply chains, Yang Ming Marine Transport will remain vigilant and monitor market demand and cargo flow trends. Yangming will continue to optimize its service network and maintain flexible fleet deployment. In addition, Yang Ming will continue to implement its fleet and container renewal plans to enhance operational capabilities, provide stable and efficient container transportation services, and support global customers in responding to ongoing supply chain changes.
According to the latest data from Alphaliner, among the top 100 global liner companies in terms of capacity, Yang Ming Marine Transport ranks 10th, operating 98 vessels, including 59 owned vessels and 39 leased vessels, with a total capacity of 711,000 TEUs. In addition, Yang Ming Marine Transport holds 8 new shipbuilding orders totaling 101,500 TEU.
Wan Hai Shipping's net profit in the first quarter was 260 million US dollars, an increase of 88.9% year-on-year
In the first quarter of 2025, Wan Hai Shipping achieved a cumulative operating revenue of NT $37.09 billion (approximately US $1.13 billion), representing a year-on-year growth of 34.3%. The gross profit was NT $10.90 billion (approximately US $330 million), representing a year-on-year increase of 217.0%. Operating profit was NT $9.24 billion (approximately US $280 million), representing a year-on-year increase of 314.7%. The pre-tax net profit was 11.10 billion New Taiwan dollars (approximately 340 million US dollars). Net profit in the first quarter was 8.74 billion New Taiwan dollars (approximately 260 million US dollars), representing a year-on-year increase of 88.9%. The net profit attributable to the parent company was 8.73 billion New Taiwan dollars (approximately 260 million US dollars). Earnings per share were NT $3.11.
Evergreen Marine Corporation's net profit in the first quarter was 850 million US dollars, an increase of 52.8% year-on-year
In the first quarter of 2025, Evergreen Marine Corporation achieved a cumulative operating revenue of NT $109.97 billion (approximately US $3.34 billion), representing a year-on-year growth of 24.1%. The gross profit was NT $33.30 billion (approximately US $1.01 billion), representing a year-on-year increase of 75.7%. The operating profit was 29.33 billion New Taiwan dollars (approximately 890 million US dollars), increasing by 87.4% year-on-year. The pre-tax net profit was 31.98 billion New Taiwan dollars (approximately 970 million US dollars), representing a year-on-year increase of 51.9%. Net profit in the first quarter was 27.84 billion New Taiwan dollars (approximately 850 million US dollars), representing a year-on-year increase of 52.8%. The net profit attributable to the parent company was NT $27.36 billion (approximately US $830 million), representing a year-on-year increase of 57.4%, or earnings per share of NT $12.64.
Meanwhile, on May 13th, the 2,300 TEU container ship "EVER WISH" built by CSSC Huangpu Wenchong for Evergreen Marine Corporation was delivered and left the factory for operation on the same day, six months earlier than the contract period.
The "EVER WISH" is the eighth vessel of this series and a powerful testament to the continuous deepening of cooperation and collaborative progress between Huangpu Wenchong and Evergreen Marine.
According to the latest data from Alphaliner, Evergreen Marine Corporation ranks 7th globally among the top 100 liner companies in terms of capacity. It operates 227 vessels, including 148 owned vessels and 79 leased vessels, with a total capacity of 1.813 million TEUs. In addition, Evergreen Marine Corporation also holds 54 new shipbuilding orders totaling 783,000 TEUs.
Yang Ming Marine Transport's net profit in the first quarter was 240 million US dollars, a year-on-year decrease of 16.9%
In the first quarter of 2025, Yang Ming Marine Transport achieved a cumulative operating revenue of NT $45.51 billion (approximately US $1.38 billion), representing a year-on-year growth of 3.9%. The gross profit was NT $9.56 billion (approximately US $290 million), a year-on-year decrease of 5.4%. Operating profit was 7.22 billion New Taiwan dollars (approximately 220 million US dollars), a year-on-year decrease of 8.5%. The pre-tax net profit was NT $10.09 billion (approximately US $3.1 million), a year-on-year decrease of 13.2%. The net profit in the first quarter was 7.85 billion New Taiwan dollars (approximately 240 million US dollars), a year-on-year decrease of 16.9%. The net profit attributable to the parent company was 7.78 billion New Taiwan dollars (approximately 240 million US dollars). Earnings per share were NT $2.23.
Given the ongoing uncertainties in geopolitics, the economy and supply chains, Yang Ming Marine Transport will remain vigilant and monitor market demand and cargo flow trends. Yangming will continue to optimize its service network and maintain flexible fleet deployment. In addition, Yang Ming will continue to implement its fleet and container renewal plans to enhance operational capabilities, provide stable and efficient container transportation services, and support global customers in responding to ongoing supply chain changes.
According to the latest data from Alphaliner, among the top 100 global liner companies in terms of capacity, Yang Ming Marine Transport ranks 10th, operating 98 vessels, including 59 owned vessels and 39 leased vessels, with a total capacity of 711,000 TEUs. In addition, Yang Ming Marine Transport holds 8 new shipbuilding orders totaling 101,500 TEU.
Wan Hai Shipping's net profit in the first quarter was 260 million US dollars, an increase of 88.9% year-on-year
In the first quarter of 2025, Wan Hai Shipping achieved a cumulative operating revenue of NT $37.09 billion (approximately US $1.13 billion), representing a year-on-year growth of 34.3%. The gross profit was NT $10.90 billion (approximately US $330 million), representing a year-on-year increase of 217.0%. Operating profit was NT $9.24 billion (approximately US $280 million), representing a year-on-year increase of 314.7%. The pre-tax net profit was 11.10 billion New Taiwan dollars (approximately 340 million US dollars). Net profit in the first quarter was 8.74 billion New Taiwan dollars (approximately 260 million US dollars), representing a year-on-year increase of 88.9%. The net profit attributable to the parent company was 8.73 billion New Taiwan dollars (approximately 260 million US dollars). Earnings per share were NT $3.11.
