Yang Ming Marine Transport Corporation reported its financial results for the third quarter of 2025, following approval at the company’s 407th Board Meeting held on 12 November. The carrier posted consolidated revenues of NT$ 42.09 billion (US$ 1.35 billion) and an after-tax profit of NT$ 6.05 billion (US$ 193.69 million), delivering earnings per share (EPS) of NT$ 1.73 for the quarter.
For the first nine months of 2025, consolidated revenues reached NT$ 126.27 billion (US$ 4.04 billion), with after-tax profit of NT$ 14.81 billion (US$ 474.22 million) and cumulative EPS of NT$ 4.24. Compared with the same period in 2024, the company noted that weaker freight rates contributed to a decline in profitability. Despite persistent global trade-policy uncertainty and heightened geopolitical risks, Yang Ming said it continued to prioritise schedule reliability and operational efficiency, supporting steady overall performance.
According to the IMF’s World Economic Outlook released in October, global economic growth for 2025 has been revised upward to 3.2% from the previous 3.0% forecast, driven by a milder-than-expected impact from tariffs. The 2026 projection, however, was nudged lower to 3.1%.
Meanwhile, the S&P Global Manufacturing PMI stood at 50.8 in October, signalling continued but modest expansion. Manufacturing activity strengthened in India, Thailand, and Vietnam, while the U.S. recorded slight improvement amid inventory pressures.
China also posted a mild uptick. Overall, global manufacturing remained in gentle expansion, though policy uncertainty and shifting tariff measures may continue to influence economic momentum.
In the container-shipping sector, Alphaliner’s October 2025 outlook projected global capacity growth of 6.8% against demand growth of 2.0%, pointing to ongoing oversupply. However, new environmental regulations — including the EU Emissions Trading System (EU ETS) and FuelEU Maritime — along with stricter decarbonisation requirements are expected to accelerate fleet renewal, phase out older tonnage, and effectively reduce capacity through slow steaming.
A temporary pause in U.S.–China tariff tensions may also help stimulate pre-Lunar New Year cargo demand on Trans-Pacific routes. Intra-Asia and Middle East markets are expected to remain stable on the back of steady regional demand.
Meanwhile, disruptions in the Red Sea, rerouting via the Cape of Good Hope, and congestion at European ports may continue to affect global capacity deployment.
Yang Ming said it will continue monitoring market conditions closely and adapt its service network with agility. The carrier aims to refine its business strategies, optimize space utilization, and maintain stable performance as it navigates an increasingly complex and dynamic global environment.
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