XINDE MARINE NEWS
Evergreen's performance hits a new high and the future growth is considerable xinde marine news Sarah Yu 2021-07-13 16:40

The freight rate in the container shipping market is soaring, and Evergreen has set new records in June, the second quarter and the first half of the year.
 
With the return of MV "EVER GIVEN" and the upcoming delivery of the world's largest 24,000TEU ultra-large container ship, Evergreen's performance in the second half of the year will increase.
 
On July 8, Evergreen announced that its June revenue was NT$37.72 billion (approximately RMB 8.734 billion), an annual increase of 140.4% and a monthly increase of 9.5%, in line with market expectations. This is also the first time that Evergreen's single-month monthly revenue has exceeded NT$35 billion.
 
In the second quarter, Evergreen's operating revenue was NT$99.91 billion (approximately RMB 23.134 billion), which was close to the 100 billion yuan mark, which was a single-quarter high with a quarterly increase of 10.7%; Cumulative revenue for the first half of the year was NT$189.65. 100 million yuan (approximately RMB 439.63), which is also a new high over the same period, with an annual increase of 117.3%.
 
Industry insiders pointed out that starting from August, the competitiveness of Evergreen's European line will rise sharply. First of all, the "EVER GIVEN" incident was resolved, and after the overhaul was completed, it could go to Europe to unload the cargo and return to Evergreen's European line team again.
 
Secondly, Evergreen has ordered 12 24,000 TEU container ships, which will be delivered from the end of July, and 4 ships will be delivered during the year. With the addition of 20,000TEU container ships, Evergreen will be extremely competitive in Europe.
 
Evergreen will be committed to reducing operating costs. As far as shipbuilding is concerned, there are three major considerations: First, the competitiveness of ships, to order large ships to greatly reduce the average unit cost; Second, the operation capacity, to build in line with the mainstream market ship type; Third, in line with environmental protection and energy conservation, Evergreen continues to update its fleet, with better performance and lower emissions.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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