Taiwan shipping trio posts July revenue growth above 30% as freight rates stay high

Taiwan's three biggest container carriers all reported July revenue growth of more than 30% from a year earlier as traditional peak-season demand, Red Sea-related route diversions and congestion at major ports kept freight rates elevated. Wan Hai Lines led the group, with July revenue rising 50.13% year over year, while Evergreen Marine and Yang Ming Marine Transport also posted strong monthly gains. Evergreen said July was aligned with the seasonal shipping peak, with cargo volumes and freight rates across routes staying relatively high. Wan Hai said market pricing remained firm even after recent pullbacks in the Shanghai Containerized Freight Index, or SCFI (benchmark spot container rate index), because weather disruptions, port congestion and inland transport constraints tightened effective capacity. Yang Ming said new U.S. tariffs that took effect on July 24 should have limited near-term impact on import cargo volumes, and pointed to resilient U.S. retail demand and low inventories as factors that could sustain third-quarter shipping momentum. Freight forwarder T3EX Global Holdings also reported strong July revenue, with ocean freight nearly doubling from a year earlier and air freight supported by demand for high-tech, electronics and time-sensitive cargo.

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Taiwan shipping trio posts July revenue growth above 30% as freight rates stay high - CoinPost Terminal