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COVID-19: Evergreen upbeat as congestion at sea ports persists taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
New 'megaships' to boost efficiency: Evergreen Marine taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Evergreen Marine Corporation back in the black in Q1 2021 The Evergreen Marine Corporation achieved a US$ 567.13 million net profit for Q1 2021, reversing the US$ 24.24 million net loss in Q1 2020. According to preliminary unaudited figures disclosed on 6 May, revenue was up 35% to US$2.27 billion. Recently, there were concerns that the grounding and subsequent detention of the Evergreen-operated Ever Given in the Suez Canal would hurt the Taiwanese liner operator s earnings. However, the company s management emphasized that there is sufficient insurance to cover cargo claims. Evergreen president Eric Hsieh said at a recent conference that several container ports, especially in the US West Coast, are congested, and the situation is difficult to alleviate. This, and the slow return of empty containers, ensures that equipment demand still exceeds supply. Expecting the equipment shortage to persist until the traditional peak season in Q3, Hsieh said that Evergreen e ....
Losses Mount for Chinese Companies as Egypt Seizes Suez Tanker The cargo ship Ever Given is seen on March 29 after running aground in the Suez Canal in Eygpt six days earlier. Photo: VCG Chinese companies with goods on the Ever Given are facing mounting losses due to even longer delays getting their shipments delivered after Egyptian authorities seized the giant cargo vessel and demanded almost $1 billion in compensation for blocking the Suez Canal for about a week. Setting out from Kaohsiung in southern Taiwan, the now freed container ship made stops at ports including Qingdao, Shanghai and Ningbo, with estimates that over 80% of the goods aboard are from Chinese companies, according to data from freight logistics platform Yunquna. The data showed that the Ever Given was loaded with 18,300 containers carrying goods worth about $3.5 billion. ....