Taiwanese container carrier Wan Hai Lines retained the highest operating margin among leading liner operators for a fifth consecutive quarter in Q2 2026, as the sector average recovered to 11.2%, according to Alphaliner.
Wan Hai posted a 26.0% operating margin on revenue of TWD 42.9bn (about $1.33bn) and operating profit of TWD 11.13bn (about $345m).
Evergreen Marine ranked second with an operating margin of 18.4%, ahead of China’s COSCO Shipping at 14.2%.
No carrier in the ranking posted an operating deficit during the quarter.
Maersk climbed two places to sixth with an 8.9% Ocean EBIT margin, moving above South Korea’s HMM and recording its highest position in the ranking since 2023. The Danish group’s average loaded freight rate rose 21.6% year on year to $2,746 per FFE.