Taiwanese container shipping company Yang Ming Marine Transport Corporation reported an after-tax net profit of NT$18.57 billion (US$584.75 million) for the third quarter of 2026, supported by stronger cargo demand, higher freight rates and capacity constraints across major shipping routes.
The company recorded consolidated revenue of NT$64.15 billion (US$2.02 billion) during the quarter, with earnings per share (EPS) reaching NT$5.32. The financial results were approved by the company’s board of directors on 10 November 2026.
For the first nine months of 2026, Yang Ming posted consolidated revenue of NT$148.73 billion (US$4.68 billion), an increase of 18% compared with the corresponding period last year. After-tax net profit stood at NT$25.74 billion (US$810.56 million), while cumulative EPS reached NT$7.37.
The company attributed its improved performance to stronger demand across long-haul container shipping trades since the second quarter, with cargo volumes maintaining momentum throughout the traditional third-quarter peak season. Port congestion and vessel diversions around the Cape of Good Hope further constrained effective shipping capacity, contributing to higher average freight rates.
Looking ahead, Yang Ming expects global container shipping capacity to grow faster than demand. According to projections from maritime consultancy Drewry, global fleet capacity is expected to increase by 5% in 2026 against demand growth of 3.1%. In 2027, capacity is projected to expand by 8.8%, compared with anticipated demand growth of 6.2%.
The carrier expects relatively stable market demand in the fourth quarter of 2026, although the earlier Lunar New Year could encourage advance shipments. Port congestion, geopolitical developments, US-China trade policies, port labour negotiations, terminal efficiency and bunker fuel price fluctuations remain key factors influencing the market outlook.
Yang Ming also noted that environmental regulations introduced by the European Union and the United Kingdom could encourage slower vessel speeds and the gradual retirement of older ships, potentially reducing effective shipping capacity.
Separately, the company’s board authorised its wholly owned subsidiary, Yang Ming (Singapore) Pte. Ltd., to acquire office property in Singapore. The investment is aimed at supporting its long-term regional operations and strengthening its presence in the strategic Asian transshipment hub.
Yang Ming said it would continue monitoring cargo demand and global trade flows while pursuing fleet and container renewal initiatives to enhance operational efficiency and maintain its global service network.