Last month, the trend of
Rapid decline in shipping companies' revenues
Taiwanese containerized vessels Evergreen, Yang Ming and Wan Hai Lines in
from the summer-autumn of 2022 and following a phase of
Exceptional revenue growth from overtime
increase in the value of sea freight rates. In October 2023 Evergreen,
which is the world's seventh-largest airline in terms of
container fleet, recorded a turnover of 23.4
billion Taiwanese dollars (US$723 million), with a
-48.8% down on October last year, while revenues
of Yang Ming, which is the ninth largest company in the world market,
amounted to 11.3 billion Taiwanese dollars (-52.9%) and
those of WHL, which is the eleventh largest company in the sector,
totaled 8.2 billion Taiwanese dollars (-45.5%).
In the first ten months of this year, Evergreen's revenues
230.4 billion Taiwan dollars, with a decrease in
-59.0% over the corresponding period of 2022, those of Yang Ming
to €119.2 billion (-64.9%) and WHL's revenues to €83.2 billion
(-64,5%).