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Evergreen back in black with US$60 million profit, revenue up 2.9pc

 

Taiwan’s Evergreen Marine reversed a TWD1.93 billion (US$62. million) loss in the first quarter of 2014 into a 2015 quarterly profit of TWD1.86 billion (US$60 million) with revenues rising 2.9 per cent to TWD35.3 billion.

Evergreen said at a board meeting that the company has agreed to order 10 containerships with 2,800 TEU of capacity for expansion and replacement of existing vessels.

Singapore's Splash 24/7 reported the company may order as many as 20 ships of that size.

IHS Maritime 360 also reported the company introduced a new vessel for its Asia Pacific-Red Sea service on April 14.

The 8,508-TEU Ever Lyric was built by Taiwan's CSBC Corporation, and is bound for Evergreen's Marine Corp introduced a new vessel for its Asia Pacific-Red Sea service, replacing an older vessel.

"Comparisons of such operational performance data reveal that this eco-friendly bow design enables an L-type vessel to reduce fuel consumption by between 12 per cent and 21 per cent within normal sailing speeds," said Evergreen vice-chairman Raymond Lin.

Source: Vietnam Shipping Gazette