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Yang Ming’s first-half profit rebounds, but outlook stays cautious
The Taiwan carrier reported US$2.62 billion in first-half revenue, with Q2 performance lifted by an early peak season, higher freight rates, and tariff-driven cargo front-loading.
Yang Ming Marine Transport said its earnings rebounded in the first half of 2026, setting up what it described as a potentially volatile second half amid tariff uncertainty, geopolitical disruption, and the risk of excess vessel supply, according to Yahoo Finance.
For the first half, the Taiwan-listed shipping company reported consolidated revenue of US$2.62 billion, and it said its second quarter outperformed both the first quarter and the year-earlier period. Yang Ming attributed the improvement to an early peak season, stronger cargo demand, and firmer freight rates, with tariff uncertainty prompting cargo owners to advance shipments.
In the first quarter, Yang Ming recorded revenue of US$1.2 billion, after-tax profit of US$44.7 million, and earnings per share of US$0.013. Yahoo Finance also noted that the company had cited softer freight rates than a year earlier and vessel-deployment effects linked to Middle East geopolitics as factors weighing on Q1.
The rebound follows a more difficult 2025, when Yang Ming’s full-year revenue fell to US$5.07 billion and after-tax profit declined to US$530.3 million, or US$0.15 per share, though 2025 still marked its sixth consecutive profitable year. The company pointed to effective-capacity constraints from diversions away from the Red Sea, port congestion, and slower sailing speeds that reduced effective capacity, partly offsetting the impact of new tonnage delivery.