In the third quarter of this year, the company's revenues containerized shipping Yang Ming Marine Transport Corporation of Keelung recorded a significant drop of -64.0% being 35.9 billion Taiwanese dollars (1.1 billion U.S. dollars) compared to Taiwan dollars 99.8 billion in corresponding period in 2022. After 14 consecutive quarters of growth, in the July-September period of 2023 the result operating income was negative and amounted to -1.4 billion Taiwanese dollars versus operating profit of $58.0 billion at the same time last year. Net profit is amounted to €2.9 billion (-94.2%).

In the first nine months of this year, revenues totalled 107.9 billion Taiwan dollars, down -65.9% on the period January-September 2022. Operating profit is €1.7 billion (-99.2%) and net profit of €6.3 billion (-96,2%).

With regard to the expected performance of the business for the next year, Yang Ming highlighted that the significant gap between the growth rates of supply and demand will represent a significant challenge, as the offer is expected to will rise by +9.1% while the expected increase in demand is only by +2.2%. The company also recalled that the development of the of the maritime transport market is expected to be influenced by the current high global inflation, geopolitical tensions and the adjustment of the containerized shipping market to the recent decision of the European Commission not to extend the validity of the Block Exemption Regulation on consortia between Liner shipping companies ( of 10 October 2023).