Taiwan's three largest ocean carriers saw revenues decline in 2025 as weaker freight rates hit earnings, reported New York's Journal of Commerce.

Evergreen Marine, the biggest of the trio, said revenue fell 18 per cent to US$12 billion from nearly $15 billion in 2024. Yang Ming reported the steepest drop, with revenue down 27 per cent to $5.3 billion from $7 billion. Wan Hai Lines posted a 13 per cent decline to $4.5 billion.

The carriers did not provide profit figures, which will be released later. Their results mirror other operators, with OOCL reporting a 10.6 per cent fall to $8.7 billion last year.

Transpacific services remained the largest revenue source for the Taiwanese carriers. Spot rates from Shanghai to the US West Coast fell 56 per cent during 2025 to US$2,188 per FEU, according to Shanghai Shipping Exchange data.

Yang Ming said a pre-Chinese New Year cargo rush was lifting volumes and supporting a rebound in early 2026, momentum it expects to continue until mid-February.