Yang Ming reports strong Q3 profit amid higher freight rates

Yang Ming Marine Transport Corporation reported an after-tax net profit of NT$18.57 billion (US$584.75 million) for the third quarter of 2026, supported by stronger cargo demand, higher freight rates and continued capacity constraints across major shipping routes.

The Taiwanese container shipping company generated consolidated quarterly revenue of NT$64.15 billion (US$2.02 billion), while earnings per share reached NT$5.32, according to financial results approved by its board on 10 November.

For the first nine months of 2026, Yang Ming recorded consolidated revenue of NT$148.73 billion (US$4.68 billion), representing an 18% increase compared with the corresponding period of 2025. After-tax net profit reached NT$25.74 billion (US$810.56 million), with cumulative earnings per share of NT$7.37.

Yang Ming attributed its financial performance to improving demand across long-haul container shipping trades since the second quarter, with cargo volumes maintaining momentum throughout the traditional third-quarter peak season.

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