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In December 2023, the downward trend of
Revenues of Taiwanese Container Shipping Companies
Evergreen and Wan Hai Lines, a negative trend that for the two carriers is
in place since October and August 2022 respectively and is
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resulting from the rapid decline in the value of sea freight rates following the
historical peaks marked to coincide with the spread of the
Covid-19 pandemic globally. Last month, Evergreen
recorded revenue of 23.6 billion Taiwan dollars (756 billion
million US dollars), with a decrease of -19.3% compared to December
2022, while WHL's revenue amounted to less than 8.4
billion Taiwanese dollars (-27.6%).
In the full year 2023, Evergreen totaled
revenues of Taiwan $267.7 billion, down by
-55.9% year-on-year, and WHL's annual revenues were
€100.2 billion (-61.3%). In the last quarter of 2019 alone,
Last year, Evergreen and WHL reported revenues of equal to
€69.6 billion and €25.1 billion respectively, with reductions of
-37.2% and -36.4% over the October-December period of 2022.