Taiwanese shipping company Yang Ming reported total revenues of US$1.38 billion in the first quarter of 2025. The company also noted that container volumes between China and the United States have been significantly impacted due to trade policies driven by tariffs, reports Container News.
Downward Revision
The United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF) have both revised their 2025 global economic growth forecasts downwards. UNCTAD now projects a growth rate of 2.3%, while the IMF forecasts 2.8%.
Similarly, forecasts for container demand growth in 2025 have also been revised downward by maritime analysts. Drewry now anticipates a contraction of -1.0%, and Clarksons has also lowered its expectation to a modest growth of 0.3%. In contrast, the estimated supply growth for the container shipping market in 2025 remains significantly higher, projected at 5.4% by Drewry and 6.3% by Clarksons.
In response to these continued uncertainties across geopolitical, economic, and supply chain landscapes, Taiwanese container carrier Yang Ming has stated its commitment to closely monitor market demand and cargo flow trends. The company intends to optimize its service network and maintain flexibility in its fleet deployment strategies. Furthermore, Yang Ming will continue its programs for fleet and container renewal to enhance operational capabilities and ensure the delivery of stable and efficient container transport services.
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Source: Container News
