Taiwanese liners affected by the trend
In December 2022, Evergreen, Yang Ming and Wan were hit by the turn of the tide in the shipping industry: all three carriers saw their revenues go down by 40 to 50% compared to the same period in 2021, due to inflationary pressure, poor demand and downgraded shipping rates.
Evergreen Marine reported December revenues of USD 955 million, a month-to-month decrease of 19.25% and a decrease of 44.2% compared to December 2021. Yangming Marine's revenues also amounted to exactly USD 955 million, a monthly decrease of 16.58% and a significant year-on-year loss of 53.4%. Wan Hai Lines' revenues of USD 374 million represented a decline of 50.7% over the same period in 2021.
Nevertheless, in their respective statements, the carriers did not exclude the possibility of a recovery period in 2023. (sh)