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Container Shipping Profits Fall as Market Cools

Several major container shipping lines reported sharply lower earnings for 2025 as the industry continued to cool from the record profits generated during the pandemic-era freight boom. Taiwan-based carrier Evergreen Marine Corp. said net profit attributable to shareholders fell 50.8 percent to about US$2.13 billion, on revenue of US$11.79 billion. Revenue declined 18.2 percent from 2024. The company said it will distribute dividends totaling about US$1.08 billion to shareholders, representing a yield ... [+]

Grounded Vessel in Suez Canal Creates Havoc for Global Shipping

Shipping continues to face the perfect storm and now with the massive container ship Ever Given blocking the Suez Canal, global shipping and supply chain concerns have become even more critical. Ever Given is a 20,000 TEU-class container ship, currently leased by Evergreen Marine Corp. under a time charter agreement ... [+]

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