Yang Ming Marine Transport Corporation (Yang Ming) held its 403rd Board Meeting on May 13 to approve its Q1 financial report of 2025. The consolidated revenues in Q1 totaled NT$ 45.51 billion (US$ 1.38 billion).

Tariff-driven trade policies have impacted the container shipping market in Q2, resulting in a decline in cargo volumes from China to the U.S. However, services of Europe/Mediterranean, Intra-Asia, Australia, and the Middle East have remained stable compared to Q1. The global economic outlook remains uncertain amid continued tariff developments. The United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF) have revised their 2025 global economic growth forecasts downward to 2.3% and 2.8%, respectively. 

Drewry and Clarksons have also revised their container demand growth forecasts for 2025 to -1.0% and 0.3%, respectively, while supply growth is estimated at 5.4% and 6.3%. As global policies and trade negotiations continue to evolve, a joint statement announced that recent progress in U.S.-China trade talks has resulted in a mutual agreement to reduce tariffs for 90 days. This development may support an improvement in U.S.-China cargo demand. Meanwhile, whether the situation in the Red Sea has truly stabilized remains uncertain. To ensure the safety of crews and vessels, rerouting via the Cape of Good Hope will continue for the time being.

In light of continued geopolitical, economic, and supply chain uncertainties, Yang Ming will remain vigilant in monitoring market demand and cargo flow trends. The Company will continue to optimize its service network and maintain flexible fleet deployment. Furthermore, Yang Ming will continue its fleet and container renewal programs to strengthen operational capabilities and deliver stable, efficient container transport services to support global customers in navigating ongoing supply chain shifts.