Evergreen Marine Corp., Taiwan’s largest container shipping company, reported its third-quarter net income surged 183% to NT$61.9 billion ($2 billion), highlighting how supply chain disruptions continue boosting profits across the industry.
The company’s earnings per share reached NT$28.75 in the quarter, bringing the nine-month total to NT$50.68. Combined profits for Taiwan’s three major container lines – Evergreen, Yang Ming Marine Transport Corp., and Wan Hai Lines Ltd. – hit NT$195 billion in the first three quarters.
Container shipping rates have jumped amid Middle East geopolitical tensions and labor disputes at major ports. Yang Ming saw the strongest quarterly growth with profits soaring 911%, while Wan Hai’s earnings rose 626% from a year earlier.
Industry analysts expect the strong performance to continue through year-end as freight rates stabilize and cargo volumes rebound. October revenues showed significant year-over-year gains: Evergreen up 78%, Yang Ming 68%, and Wan Hai 69%.
The early timing of next year’s Lunar New Year could further boost demand on Asian routes. However, market observers note that ongoing regional tensions and uncertainty around U.S. trade policies may shift traditional shipping patterns, even as underlying demand for consumer goods remains stable.
