Overview
Evergreen Line operates 245 container ships with a combined capacity of 2,073,819 TEU (twenty-foot equivalent units), 6% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 1,529,195 TEU on 172 ships is owned and 544,624 TEU on 73 ships is chartered in, so chartered tonnage accounts for 26.3% of its fleet.[1] Its orderbook of 818,792 TEU on 73 ships equals 39% of its current capacity.[1] Evergreen Marine Corp. (Taiwan) provides container services, slot charters, container terminals and related services; Forbes records it was founded by Chang Yung-Fa on 25 September 1968 and is headquartered in Taipei.[3] Forbes lists sales of US$11.5bn and profit of US$1.6bn.[3] Alphaliner’s group figure includes Evergreen Line and Italia Marittima.[1] Evergreen owns almost three-quarters of its capacity, the highest owned share among the top seven.[1]
Evergreen Marine strengths and limitations
Strengths
- Largest Taiwanese carrier
- High owned share
- Large orderbook
- Profit margin of about 14%
- Focused container business
Limitations
- Profit fell from US$4.3bn in prior-year data
- Capacity under a third of MSC's
- Exposure to the freight-rate cycle
- Earnings depend on freight-rate cycles
- Forbes lists no employee figure
Appears in
Evergreen Marine peers and competitors
Companies ranked in the same lists as Evergreen Marine.
A.P. Møller-Mærsk- HMM
- COSCO Shipping Holdings
- DHL Group
- KMTC
- Yang Ming
ZIM- Wan Hai Lines
- PIL (Pacific International Lines)
- X-Press Feeders
- SITC
- DP World
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