Evergreen Marine Corporation has announced plans, through its subsidiaries to order more than 52,000 containers, spending at least US$45.41 million, after already placing some orders in December 2020.
[s2If is_user_logged_in()]In a filing to the Taiwan Stock Exchange on 27 January 2021, Evergreen said that its subsidiary, Evergreen Marine (Hong Kong) Ltd, will order 8,500 containers from Chinese container manufacturer CXIC Group Containers Ltd, for a total price of US$45.41 million.
Negotiations to order another 44,000 containers, through another Evergreen subsidiary, Greencompass Marine SA, are ongoing.
There is an acute shortage of containers in Asia, as empty containers have been slow to return to the ports of origin from North America. This was due to Transpacific rates hitting a 10-year high in September and lower backhaul volumes.
In 2020, container freight rates exceeded 10-year highs, allowing Evergreen to book a net profit of TW$12.6 billion (US$434.11 million) in the first nine months of 2020, compared with TW$103.74 million (US$3.34 million) last year.
While other media have reported that Evergreen plans to order a series of 15,000TEU newbuildings, the company said nothing has been firmed up yet.
Martina Li
Asia Correspondent[/s2If]
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