The strong pull effect has vanished since the autumn of 2022 caused by the exceptional rise in the value of sea freight rates, In 2023, the revenues of the containerized shipping company Keelung's Yang Ming declined -62.6% to 140.6 billion Taiwanese dollars (US$4.4 billion) compared to to the all-time high of 375.9 billion Taiwanese dollars set in the 2022 financial year. The significant contraction in volume reflected in the values of operating profit and net profit, which last year was equal to to $6.2 billion (-97.2%) and $5.1 billion, respectively. Taiwan (-97.2%).

The downward trend in turnover continued in the fourth quarter of 2023 when revenues, amounting to €32.7 billion, recorded a decrease of -45.4% over the corresponding period of the previous year. Operating profit amounted to 4.5 billion (-64.0%). Yang Ming closed the period October-December 2023 with a net loss of over -1.2 billion compared to a net profit of €14.8 billion in the same quarter of 2022.