Evergreen Marine Corporation
Contact info
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166, Mingsheng East Road
Section 2
Taipei 104
Taiwan
Tel: +886-02-25057766
Fax: +886-02-25055256
www.evergreen-marine.com
Senior Management
| Chairman | Longxiong Wang |
| Deputy General Manager- Shipping | Jinxiong Chen |
| EVP and CFO | Rongzhong Weng |
Ownership
Brief Profile
Evergreen Marine Corporation (Taiwan) Ltd. (EMC) is mainly engaged in ocean transportation but the holding group also has interests in air transportation and air cargo services. The shipping division was established by Dr Yung-Fa Chang in September 1968. Evergreen Marine has a fleet of over 150 container vessels and both in terms of the magnitude of its fleet and its cargo loading capacity, ranks among the world's leading international shipping companies. Besides container shipping services, Evergreen also operates reefer container services, incorporating latest industry standards in safety and control systems.
Evergreen Marine has continually developed strategic alliances with other shipping companies through slot charters, slot exchanges and joint services in order to improve service offerings. In May 2007, Evergreen Marine Corp. (Taiwan) Ltd., Hatsu Marine Ltd, Italia Marittima S.p.A. and Evergreen Marine (Hong Kong) Ltd signed a joint service agreement and adopted the common trade name 'Evergreen Line'. All four carriers were previously affiliated and will continue to operate as independent companies.
With more than 240 service locations, EMC covers over 95 countries with its shipping network. It achieved revenues of NT$129bn in 2008.
Strategy
2009
Evergreen Marine has entered into strategic alliances with its shipping counterparts through slot charters, slot exchanges and joint services. These strategies enable access to extensive service networks and also help improve operational performance.
One such alliance is with China Shipping Container Lines on their Asia-Europe, Asia-Mexico-US East Coast and Asia-US West Coast services commencing June 2009. The agreement was signed on 27 May in Shanghai, China.
The joint services were:
- China North Europe service with a total of eight 8,000 TEU vessels.
- Asia Mexico US East Coast service with a total of eight 4,000 TEU vessels.
The two lines would share slots on the Asia-US Pacific South West Coast route.
Commenting on this latest development, Evergreen and China Shipping stated:
"With the benefits of slot-sharing arrangements and joint services, we expect both Evergreen and China Shipping to see significantly upgraded service coverage and more efficiently utilised capacity on the crucial Asia-Europe and Asia-America trades as a result, so providing a better service to our customers."
Part of founder Chang Yung-fa's diverse business empire, Hatsu Marine Limited was established in January 2002 as a new UK-flag container shipping company with its headquarters in London as part of the Evergreen Group that also includes Evergreen Marine Corporation, Lloyd Triestino di Navigazione SpA and EVA Air. Evergreen Marine holds stakes in other affiliates that engage in container manufacturing, shipbuilding, port operations, real estate development, and engineering.
In order to maximise capacity and improve services, Evergreen has invested and built container terminals that include the 5th Container Center at Kaohsiung in Taiwan, Colon Container Terminal in Panama and Taranto container terminal in Italy.
As part of the company's continuing need to rationalise its schedules in order to keep up with changing demand patterns, it has cancelled all round the world services and replaced them with pendulum services. Evergreen is continually expanding its trade routes in order to meet demand and provide a wider service offering to its customers. In particular, Evergreen is expanding its reefer container service network, as well as building new reefer containers.
Evergreen has upgraded its services with new systems and concepts. For example, the company has focused on developing its feeder and inland transportation networks to connect with mother vessels in order to provide links to large and small markets, both on the coast and inland. This is part of the company's policy to provide door-to-door tranpsortation.
In order to strengthen its competitiveness, Evergreen is constantly investing in its integrated computer systems, providing services such as cargo tracking. It believes that investment in technology will give it a significant advantage over other companies.
Evergreen decided on a strategy of minimising the impact of its operations on the global environment in by introducing a series of S-Type Green ships. Delivery of the vessels is expected to be completed before 2008.
Finances
2008
Evergreen's revenue for 2008 was TN$129,002m with an operating profit of TN$2,829m.
2007
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| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |||
| Revenues | 60468.77 m | 54430.61 m | 67957.71 m | 106940.62 m | 130489.08 m | 140736.86 m | 150076.75 m | 144924.45 m | 129002.26 m | ||
| Operating Profit | 4487.31 m | 3115.89 m | 1767.04 m | 5014.97 m | 12289.36 m | 12749.67 m | -3552.83 m | 10322.43 m | 2829.46 m | ||
| Operating Margin | 7.42 % | 5.72 % | 2.60 % | 4.69 % | 9.42 % | 9.06 % | -2.37 % | 7.12 % | 2.19 % | ||
| Export to Excel Source: Evergreen Marine Corporation, Last update: 10/08/2009 | |||||||||||
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| Source: Evergreen Marine Corporation |
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| 2005 | 2006 | 2007 | 2008 | |||
| Marine Freight | 123455.89 m | 128862.29 m | 133285.31 m | 121003.12 m | ||
| Agency Service & Commission | 118.97 m | 116.96 m | 109.41 m | 3234.83 m | ||
| Container Manufacturing | 2098.75 m | 1883.14 m | 2338.46 m | 1441.96 m | ||
| Ship Rental | 13788.75 m | 17990.17 m | 7234.90 m | 1565.20 m | ||
| Others | 1274.50 m | 1274.21 m | 1956.37 m | 1727.13 m | ||
| Export to Excel Source: Evergreen Marine Corporation , Last update: 10/08/2009 | ||||||
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| Source: Evergreen Marine Corporation |
2006
At the end of the 2006 financial year, Evergreen Marine reported revenues of TN$150,076m. This represents an increase of 6.6% from TN$140,736m in 2005.
However, despite increasing revenues, the company closed the year operating at a loss of TN$3,552.83m compared to a profit of TN$12,749.67 in 2005.
At the end of August 2006 Evergreen posted its first quarterly loss in three years due to lower freight rates and losses from investment. The line's net loss was TN$1.16bn, or $35m, in the three months ended June 30, compared with a profit of $3.19bn a year earlier. The loss was the first for the company since the second quarter of 2003.
For the first half of the year the company's net income fell 99% from a year earlier to $58.6m. Sales in the first six months dropped 16% to $17.8bn.
The six-month net income was smaller than the $1.03bn posted by Taiwanese competitor Yang Ming Marine Transport, which reported a 78% decline in profit for the period.
Evergreen Marine, the first among major Asian container lines to post a quarterly loss that year, and competitors like Neptune Orient Lines and Hanjin Shipping, were also struggling from surging fuel costs and falling freight rates due to an increase in the number of vessels.
Evergreen booked investment losses of $1.76bn in the first half of the year, compared with $1.3m a year earlier. Sales in the period fell to $9.11bn, according to the company's monthly filings to the Taiwan Stock Exchange.
New deliveries from yards in
The freight rates that Evergreen Marine charges are about 20% lower than a year ago, and the company has taken delivery of five ships over the past 18 months and five more will arrive by early 2008, each capable of carrying 7,000 20-foot containers.
Evergreen Marine's loss in the second-quarter was probably partly because fuel hedging wasn't as good as expected, as fuel accounts for 13 to 15% of operating costs. Earnings were expected to improve in the second half of the year, as the company was filling all the containers for routes to Europe and the
By comparison Neptune Orient Lines, based in
Operations
With more than 240 service locations, Evergreen Marine covers 95 countries through associations with other shipping agencies. The newly named 'Evergreen Line', a joint service agreement of which Evergreen Marine is part, operates over 150 ships with a fleet capacity of 560,000TEU.
| Evergreen Marine European Shipping Routes |
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| Source: Evergreen Marine |
| Evergreen Marine Asia Shipping Routes |
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| Source: Evergreen Marine |
| Evergreen Marine American Shipping Routes |
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| Source: Evergreen Marine |
| Evergreen Full Container Service Routes |
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| Source: Company |
Far East - North America and Far East - Central America and the Caribbean
The company offers seven separate services between the Far East with the East and West Coasts of North America, Evergreen's busiest trade route. From Taiwan, Hong Kong, Mainland China, Korea and Japan, Evergreen offers services to West Coast ports in the US. The company also transports containers to cities on the East and Gulf Coasts as well as destinations in the Mid-West using double-track train services.
All water services are also provided connecting the Far East with US ports on the East coast via the Panama Canal. Utilising Panama's Colon Container Terminal for transshipment, Evergreen provides a further service between the Far East and the Caribbean.
Far East- North Europe and Far East-Mediterranean
Evergreen offers full container services between the Far East and the Mediterranean, as well as between North Europe and the Far East. Evergreen offers two sailings a week between North Europe and all principal Asian ports, and a weekly service between the Mediterranean and the Far East.
Europe-North American East Coast, Atlantic fixed-day Service.
Evergreen offers a fixed day service between Europe and the East Coast North America.
Far East-Australia, and Far East-Mauritius, South Africa and South America
In the Southern Hemisphere, Evergreen offers service routes between the Far East and Mauritius, South Africa, South America and Australia.
Intra-Asia, Asia-Middle East and Asia India sub-continent
Evergreen offers a complete range of services linking ports in Asia and to/from the Middle East, Persian Gulf and the Red Sea. This is in response to growing trade between these countries and increasing demands for more frequent services with greater capacity and wider port coverage.Taichung Container Terminal
Taichung Container Terminal at Wharves 32 and 33 of the port complex acts as a transit-hub connecting major ports such as Tokyo, Osaka, Pusan, Hong Kong, Singapore, Port Kelang, Bangkok and Jakarta, as well as the many other ports served by Evergreen's intra-Asia services. Evergreen also runs parts of its local import and export traffic through the terminal. The terminal is 570m in length and 14m deep.
Kaohsiung Container Terminal
In 2000, Evergreen invested in Terminal no 5, Berths 79-81 in order to develop the first large-scale, privately run common user facility at the port. This project was part of a wider development strategy for Kaohsiung Terminal, allowing Evergreen to expand its operations away from its three-berth dedicated facility at Terminal no. 4, Berths 115, 116 and 117. These enlarged facilities have a total annual capacity of 2m TEU per annum.
The three new berths in Terminal 5 have a total length of 815m, alongside depth of 15m and a combined space of 400,000sq m, enabling it to serve three containerships simultaneously. There are 824 reefer plugs at the new berths, with a stacking capacity that is sufficient for 25,000TEU of loaded containers plus 3,700TEU empty containers. Operating on the terminal are nine post-Panamax ship-to-shore gantry cranes, supported by 30 rail-mounted yard gantry cranes and six empty container stackers.
In 2007, Evergreen extended its lease on the new facility at Terminal 5 for a further 11 years, until 2018.
Colon Container Terminal
Located at Coco Solo, Republic of Panama, Colon Container Terminal (CCT) is in an ideal location for transshipment linking Pacific trades, Atlantic trades and North-South trades. CCT is a major hub port for Evergreen which also operates on a common-user basis.
Capable of serving simultaneously two Panamax vessels and handling container approximately 400,000TEU per annum, CCT incorporates 612m of quay with 14m alongside depth and covers 25ha. As part of the terminal's Phase II development, it also boasts a berth of 370m in length, equipped with 3 units of shore cranes together with a 12ha container yard equipped with 8 rubber-tyred gantry cranes.
Taranto Container Terminal
Situated in Southern Italy, Taranto Container Terminal (TCT) is linked directly to the Italian rail network allowing block trains to be operated to/from industrial areas in northern Italy. A feeder network connecting other Italian ports, the West and East Mediterranean, the Adriatic Sea and the Black Sea also serves the terminal.
The Terminal operates 1,500m liner quay wharves which are served by 8 post-Panamax ship-to-shore cranes and 24 rail-mounted container stacking cranes. The berths offer a depth alongside of 15m, sufficient for the largest vessels currently operating. Eventually, the operating capacity of TCT will reach 2m TEU per annum.2007
October - Evergreen Line is to launch a new weekly service linking Asia with ports in the Eastern Mediterranean in November 2007. The AEM (Asia-East Mediterranean) service will employ seven ships of between 2500TEU and 3500TEU. The first sailing will be made by the 2824TEU Ital Ottima, which is scheduled to depart from Shanghai on 9 November.
Ports of call on the 49-day rotation are as follows:
Shanghai - Ningbo - Nansha - Hong Kong - Tanjung Pelepas - Haifa - Limassol - Piraeus - Istanbul - Tanjung Pelepas - Shanghai.
Evergreen Line had in September run an ad-hoc sailing in the Asia/Eastern Mediterranean trade and will run another two ad-hoc sailings in October to cope with demand in the region.
Evergreen Line will also use the AEM service.
Ever Safety, the ninth in a series of ten 7,024TEU S-class vessels being built for Evergreen in Japan, was launched in June at the Mitsubishi Heavy Industries' Kobe shipyard. The vessel is due for delivery in October and will join the transpacific service.
Ever Summit, the eighth vessel in the series, was also launched at the Kobe shipyard. Delivered in June, Ever Summit is scheduled to enter service on the Transpacific Southwest (TPS) service linking Southern China, Hong Kong and Taiwan with the West Coast of North America.
The Evergreen Group is approaching the end of a shipbuilding programme comprising 18 large post-Panamax containerships. Eight 8,073TEU C-series are already in service and the S-series will be completed in 2008. The S-series vessels incorporate design features such as double-skinned hulls and fuel oil tanks located in protected locations within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
With an overall length of 300m and a beam of 42.8m, the S-series vessels are able to carry containers 17 rows across on deck and 15 rows across below deck. They have a deadweight of 78,700t on a service draft of 14.2m. The carriage of temperature-controlled containers, an increasingly important revenue source, is made possible with the provision of 839 reefer plugs.
2006
November - Ever Strong, the seventh in the series of ten 7,024TEU S-type vessels being built in Japan, took to the water for the first time at Mitsubishi Heavy Industries' Kobe shipyard.
Delivered in March 2007, Ever Strong entered service on the Transpacific Southwest (TPS) service linking Southern China, Hong Kong and Taiwan with the West Coast of North America.
Assets
| Vessels | |
|---|---|
| Total | +150 |
| Employees | |
| Total | 4,807 |
Products And Services
Reefer Container Services
Evergreen offers temperature-controlled transportation throughout its network covering Asia, Europe, the Mediterranean, the Americas, Africa, and Australia. All types of commodity are carried including fruit, vegetables, meat, seafood, dairy products, confectionery and temperature sensitive non-alimentary and pharmaceutical products.
Evergreen reefer containers are all equipped with refrigeration machinery incorporating microprocessor control for instant error detection. By reporting any malfunctions immediately, ships' crew and terminal operators are able to take instant remedial action to ensure each shipment is carried and delivered in the best possible condition. Evergreen also offers customers the option of using controlled atmosphere (CA) systems. These extend the shelf life of certain perishable products.
Evergreen is expands its reefer container service network and is building new reefer containers to comply with theirustomers' needs and as a result is a major player in the field of temperature-controlled transportation.
E-commerce Services
Evergreen has established integrated computer information systems that link Evergreen offices to cooperating Evergreen service sites around the world. On Evergreen's global information website, customers find e-commerce services.
Evergreen provides the following e-commerce services:
- Sailing Schedules providing up-to-date information in an interactive way
- Cargo Tracking providing customers with the status of their cargo and expected arrival information.
- Internet Bill of Lading facility enabling customers to print Bills of Lading directly from the website.
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Electronic Data Interchange (EDI) exchanging data with customers by using various standard formats.
Mergers Acquisitions
Alliances
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CMA-CGM
2002
CMA CGM and Evergreen Marine Corporation signed an agreement in Taiwan on the North Europe/ Asia trade. The agreement consisted of an exchange of slots between the French Asia Line (FAL) and the North China Express (NCX) services of CMA CGM and the West Coast US - Asia - Europe (WAE) service of the Evergreen Marine Corporation. The slot charter agreement aimed to reach 350TEUs per week in each direction.
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COSCO Group
2007
May - In response to greater demand for capacity between the Red Sea and Asia, Evergreen Line launched the Straits-Red Sea Shuttle (SRS) service in conjunction with Cosco Container Lines (COSCON). The SRS service complements the existing joint FRS service between the Far East and the Red Sea, providing extra capacity over the hubs of Singapore and the Port of Tanjung Pelepas, Malaysia.
Each carrier has commited two ships of approximately 1,200TEU to the fixed-day weekly service. To meet shippers' demands during the peak season, the service commenced mid-May, when the first sailing was made by a COSCON vessel from Singapore.
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Glofor Logistics
2008
Marine transport provider giving Glofor consignors delivery to consignees abroad.
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Hamburg Sud
2009
January - Latest evidence of the continuing cutbacks in container shipping service capacity around the world came from the Asia Pacific region.
AAS consortium partners APL, Hamburg Sud, Hapag-Lloyd, Hyundai Merchant Marine and Evergreen Marine announced that "due to deteriorating market conditions", they had decided to reduce their capacity in the trade between north east Asia, including China, and Australia with immediate effect. They said total nominal AAS capacity would be reduced by 3,200 TEUs per week in the period February 1 through to June 2009.
"This will be achieved by idling the AAS southern loop during this period. The AAS northern loop will be adjusted in scope to cover the Taiwan, south China and Hong Kong markets."
The lines said the revised service structure, which would be operated with six modern vessels of 3,600 TEUs nominal capacity, would have the following rotation: Busan-Qingdao-Shanghai-Ningbo-Kaohsiung-Yantian-Hong Kong-Melbourne-Sydney-Brisbane-Kaohsiung-Busan. The Japanese market would continue to be served through separate individual arrangements.
"The AAS consortium partners will review the trade prospects in June 2009. Should the trade situation improve sufficiently to warrant additional capacity, the AAS southern loop will be re-established," they added.
2008
October - Global container shipping lines APL, Hamburg Süd, Hapag-Lloyd and Hyundai Merchant Marine (HMM) announced that they would team up with Taiwanese worldwide carrier Evergreen in the trade between North East Asia and Australia.
Through that cooperation, stated the Asia-Australia service (AAS) partners, the five lines would jointly provide "one of the most comprehensive service networks in the trade" with two fixed-day weekly service loops providing the following ports of call:
- Northern loop: Yokohama - Osaka - Pusan - Qingdao - Shanghai - Ningbo - Melbourne - Sydney - Brisbane - Yokohama.
- Southern loop: Kaohsiung - Yantian - Hong Kong - Melbourne - Sydney - Brisbane - Kaohsiung.
The lines said the services would be operated with five modern 3,500 TEU nominal vessels (AAS northern loop) and four modern 2,500 TEU nominal vessels (AAS southern loop). Hamburg Süd would provide three vessels, HMM and APL two vessels each, and Hapag-Lloyd and Evergreen one vessel each.
"While the two-loop system will allow the lines to offer exceptional port coverage in Asia and some of the fastest transit times in the trade, the cooperation will result in a net capacity reduction equivalent to 800 TEU per week or 3.2% of total trade capacity. Significant cost increases and very poor freight rates both southbound and northbound have made this step necessary," stated the lines.
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Hanjin Shipping
2007January - The CKYH Alliance rearranged its European routes; Evergreen Marine has upgraded its Far East-Red Sea service. Following the alteration announcement of its routes in November, CKYH Alliance (Coscon, K-Line, Yang Ming, Hanjin Shipping) rearranged the European routes as from January 2007 to eliminate overlapping services between member carriers.
The changes will also reduce transit times and boost schedule reliability, as well as enable the members to exchange their slots more effectively.
2006July - Evergreen Marine Corporation entered a slot-charter agreement with Hanjin Shipping Company on the trade lane between the East Coasts of North and South America and another encompassing Asia, South Africa and South America.
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Hapag-Lloyd (Acquired by Consortium 2008)
2008
October - Global container shipping lines APL, Hamburg Süd, Hapag-Lloyd and Hyundai Merchant Marine (HMM) announced that they would team up with Taiwanese worldwide carrier Evergreen in the trade between North East Asia and Australia.
Through that cooperation, stated the Asia-Australia service (AAS) partners, the five lines would jointly provide "one of the most comprehensive service networks in the trade" with two fixed-day weekly service loops providing the following ports of call:
- Northern loop: Yokohama - Osaka - Pusan - Qingdao - Shanghai - Ningbo - Melbourne - Sydney - Brisbane - Yokohama.
- Southern loop: Kaohsiung - Yantian - Hong Kong - Melbourne - Sydney - Brisbane - Kaohsiung.
The lines said the services would be operated with five modern 3,500 TEU nominal vessels (AAS northern loop) and four modern 2,500 TEU nominal vessels (AAS southern loop). Hamburg Süd would provide three vessels, HMM and APL two vessels each, and Hapag-Lloyd and Evergreen one vessel each.
"While the two-loop system will allow the lines to offer exceptional port coverage in Asia and some of the fastest transit times in the trade, the cooperation will result in a net capacity reduction equivalent to 800 TEU per week or 3.2% of total trade capacity. Significant cost increases and very poor freight rates both southbound and northbound have made this step necessary," stated the lines.
2006
April - Evergreen Marine Corp, Hapag-Lloyd Container Line and Wan Hai Lines launched a weekly service linking India with Hong Kong, Shekou and Kaohsiung and would be known as the CIX (China - India Express) service.
The three lines are deploying four ships, each able to load approximately 1,200TEU. Wan Hai would contribute two vessels and the other lines one vessel each. The first sailing would be provided by Wan Hai's Bermudian Express/003 from Kaohsiung.
The port rotation is as follows:
Kaohsiung - Hong Kong - Shekou - Singapore - Port Klang - Colombo - Mumbai (Nhava Sheva) - Port Klang - Singapore - Kaohsiung.
All three lines are in the process of expanding their services linking China and India, two of the fastest growing economies in the world.
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Hutchison Port Holdings
2008
December - Hutchison Port Holdings (HPH) and Evergreen Group announced that they had signed an agreement whereby, upon completion, HPH would become a shareholder of Taranto Container Terminal S.P.A. in Italy.
In a statement, HPH explained that the agreement constituted a share swap of Taiwan-based Evergreen's interest in Taranto Container Terminal for a minority stake interest in two of HPH's European operations, London Thamesport (LTP) in the UK and ECT Delta in Rotterdam, the Netherlands.
Commenting on the agreement, the Group Managing Director of HPH, said the new investment would enable HPH to establish its first transhipment presence in the central Mediterranean and further enhance its global relationship with Evergreen.
The Vice Group Chairman of Evergreen Group, commented: "This is a win-win cooperation for our two companies. We are able to access HPH's wealth of knowledge in common user terminal management and at the same time gain an interest in two very important deep sea container terminals in northern Europe."
The port of Taranto, which was said to be one of Italy's top five container ports, was located approximately 170 nautical miles from the main Suez-Gibraltar shipping route. Taranto Container Terminal had a total quay length of 2,050m with a land area of 100 hectares and a depth alongside of 15.5m. The terminal commenced operations in 2001 under a 60-year concession.
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Maersk Line (AP Moller - Maersk Group)
2008
February - Maersk Line announced that it had agreed to co-operate with Evergreen Marine Corporation in the Asia-Europe trade. The new arrangement between the two global container shipping lines, which was due to take operational effect from March (westbound) and April (eastbound), covers Denmark-based Maersk's AE2 service and Taiwanese line Evergreen's CEM operation.
Those services had the following rotations:
- AE2: Busan (South Korea), Kwanyang (South Korea), Dalian (China), Xingang (China), Qingdao (China), Shanghai (China), Bremerhaven (Germany), Rotterdam (Netherlands), Felixstowe (UK), Tangier (Morocco) and Salalah (Oman).
- CEM: Kaohsiung (Taiwan), Ningbo (China), Shanghai (China), Yantian (China), Hong Kong (China), Tanjung Pelepas (Malaysia), Le Havre (France), Hamburg (Germany), Rotterdam (Netherlands), Thamesport (UK), Port Said (Egypt) and Tanjung Pelepas (Malaysia).
Maersk said the new co-operation would start westbound with the sailings of the Ital Contessa (voyage 0453-014W) on March 6 from Kaoshiung and the Grete Maersk (voyage 0806) on March 9 from Busan. Eastbound services would start with the sailings of the Ital Contessa (voyage 0453-014E) on April 2 from Le Havre and the Grete Maersk (voyage 0807) on April 9 from Bremerhaven (Germany).
In a separate development, Maersk had also announced the introduction of a new intra-Asia service, the IA-3. That service, which will be operated with two 4,000-TEU vessels, will connect the ports of Kaohsiung, Xiamen and Hong Kong with Maersk's south-east Asian hub port of Tanjung Pelepas (Malaysia) and Singapore. The first sailing is scheduled to depart Hong Kong on March 4.
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NOL
2008
October - Global container shipping lines APL, Hamburg Süd, Hapag-Lloyd and Hyundai Merchant Marine (HMM) announced that they would team up with Taiwanese worldwide carrier Evergreen in the trade between North East Asia and Australia.
Through that cooperation, stated the Asia-Australia service (AAS) partners, the five lines would jointly provide "one of the most comprehensive service networks in the trade" with two fixed-day weekly service loops providing the following ports of call:
- Northern loop: Yokohama - Osaka - Pusan - Qingdao - Shanghai - Ningbo - Melbourne - Sydney - Brisbane - Yokohama.
- Southern loop: Kaohsiung - Yantian - Hong Kong - Melbourne - Sydney - Brisbane - Kaohsiung.
The lines said the services would be operated with five modern 3,500 TEU nominal vessels (AAS northern loop) and four modern 2,500 TEU nominal vessels (AAS southern loop). Hamburg Süd would provide three vessels, HMM and APL two vessels each, and Hapag-Lloyd and Evergreen one vessel each.
"While the two-loop system will allow the lines to offer exceptional port coverage in Asia and some of the fastest transit times in the trade, the cooperation will result in a net capacity reduction equivalent to 800 TEU per week or 3.2% of total trade capacity. Significant cost increases and very poor freight rates both southbound and northbound have made this step necessary," stated the lines.
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OOCL
2006
March - Evergreen Marine Corp. (Taiwan) Ltd. (EMC), Orient Overseas Container Line Ltd. (OOCL) and Yang Ming Marine Transport Corp. (YML), announced that they would jointly operate twice a week Taiwan/Hong Kong to Vietnam Express Service with a round voyage of 21 days, named Taiwan/Hong Kong/Ho Chi Minh Express Service (THX).
A total of 3 containerships, each with 900 TEU operating capacity would be deployed to operate the THX with commencement around April 4, 2006 starting from Kaohsiung.
The rotation of this service is: Kaohsiung, Keelung, Hong Kong, Ho Chi Minh City, Kaohsiung, Taichung, Ho Chi Minh City, Kaohsiung.
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The Topocean Group
2009
The Topocean Group is one of the largest NVOCC's operating between Asia and the US and it has concluded contracts with some 18 carriers in the Transpacific, including Evergreen.
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Xinbang Logistics Co.,Ltd.
2008
Provides sea freight services for Xinbang customers.
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Yang Ming Group
2006
Yang Ming replaces Hyundai Merchant Marine as partner
In March 2006 Evergreen Marine Corporation, Samudera Shipping Line (SSL) and Yangming(UK) (YM(UK)), strengthened their links between China and India with the upgrading of their China - Straits - India (CSI) service.
By replacing the existing ships on this service, each with an effective capacity of approximately 1,000TEU, with larger ships of around 1,200TEU, the three lines are providing more choices for customers between China and India.
YM(UK) is stepping in to replace Hyundai Merchant Marine (HMM), which previously partnered Evergreen and SSL in operating this service. SSL provide three of the five ships for the CSI service with Evergreen and YM(UK) each contributing one ship.
Other changes to the service include dropping Bangkok and adding Ningbo and Colombo, where feeder connections are available to a number of smaller Indian ports.
The revised service will commence with the sailing of MV Uni-Patriot from Shanghai on 4 April. The port rotation is as follows:
Shanghai - Ningbo - Hong Kong - Singapore - Colombo - Mumbai (Nhava Sheva) - Singapore - Johore - Laem Chabang - Hong Kong - Shanghai .
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China Shipping Container Lines Co. Ltd.
2009
June - Evergreen Line and China Shipping Container Lines announced that they had agreed a co-operative agreement on their Asia-Europe, Asia-Mexico-US East Coast and Asia-US West Coast services commencing June 2009. The agreement was signed on 27 May in Shanghai, China.
The joint services were:
- China North Europe service with a total of eight 8,000 TEU vessels.
- Asia Mexico US East Coast service with a total of eight 4,000 TEU vessels.
The two lines would share slots on the Asia-US Pacific South West Coast route.
Commenting on this latest development, Evergreen and China Shipping stated:
"With the benefits of slot-sharing arrangements and joint services, we expect both Evergreen and China Shipping to see significantly upgraded service coverage and more efficiently utilised capacity on the crucial Asia-Europe and Asia-America trades as a result, so providing a better service to our customers."
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Hyundai Merchant Marine Co., Ltd.
2008
October - Global container shipping lines APL, Hamburg Süd, Hapag-Lloyd and Hyundai Merchant Marine (HMM) announced that they would team up with Taiwanese worldwide carrier Evergreen in the trade between North East Asia and Australia.
Through that cooperation, stated the Asia-Australia service (AAS) partners, the five lines would jointly provide "one of the most comprehensive service networks in the trade" with two fixed-day weekly service loops providing the following ports of call:
- Northern loop: Yokohama-Osaka-Pusan-Qingdao-Shanghai-Ningbo-Melbourne-Sydney-Brisbane-Yokohama.
- Southern loop: Kaohsiung-Yantian-Hong Kong-Melbourne-Sydney-Brisbane-Kaohsiung.
The lines said the services would be operated with five modern 3,500 TEU nominal vessels (AAS northern loop) and four modern 2,500 TEU nominal vessels (AAS southern loop). Hamburg Süd would provide three vessels, HMM and APL two vessels each, and Hapag-Lloyd and Evergreen one vessel each.
"While the two-loop system will allow the lines to offer exceptional port coverage in Asia and some of the fastest transit times in the trade, the cooperation will result in a net capacity reduction equivalent to 800 TEU per week or 3.2% of total trade capacity. Significant cost increases and very poor freight rates both southbound and northbound have made this step necessary," stated the lines.
Click here to view alliance concern details -
Panama Canal Authority
2008
Evergreen Marine Corporation frequently passes through the Panama Canal on its Atlantic-Pacific loops and rotations.
Click here to view alliance concern details -
Singamas Container Holdings Limited
2008
Evergreen Marine Corporation owns 21.06% of Shanghai Jifa Logistics, which is a Jointly Controlled Entity of Singamas.
Click here to view alliance concern details -
Wan Hai Lines
2006
Evergreen Marine Corp. and Yang Ming Group jointly operate the North China Straits Service with Wan Hai. The service employs one ship from each company of around 1,500TEU's on a 21 day round-trip service.
In April 2006 Evergreen Marine Corp, Hapag-Lloyd Container Line and Wan Hai Lines launched a weekly service linking India with Hong Kong, Shekou and Kaohsiung known as the CIX (China - India Express) service. The three lines are deploying four ships, each able to load approximately 1,200TEU. Wan Hai will contribute two vessels and the other lines one vessel each.
Click here to view alliance concern details
Sister Concerns
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EVA Air
2005
EVA is an airline based at Chiang Kai-Shek International Airport near Taipei, Taiwan. It is a major Taiwanese airline operating passenger flights to over 40 international destinations, as well as dedicated cargo services.
The airline was established in March 1989 and started operations on 1 July 1991. It was founded by YF Chang as Taiwan's first private international airline. In the mid-90s, EVA Air expanded into the domestic Taiwan market by acquiring shares in Makung International Airlines, followed by Great China Airlines and Taiwan Airways. On 1 July 1998, all three carriers, as well as EVA's existing domestic operations, merged under the UNI Air title. It has 5,089 employees (at December 2005).
EVA is not part of an airline alliance. It has broad cooperative service arrangements with Air Canada, All Nippon Airways, American Airlines, America West Airlines, Continental Airlines, and QANTAS, as well as joint-venture agreement with Air New Zealand. It also has cargo agreements with British Airways and Lufthansa. Its main competitor is China Airlines.
EVA Air was the launch customer for Boeing's 777-200LR in June 2000. At the same time, the airline ordered four Boeing 777-300ERs. In January 2001, EVA Air ordered its first Airbus. In the summer of 2004, EVA Air converted its remaining 8 options for Boeing 777-300ERs into firm orders. The first Boeing 777-300ER, with registration B-16701(see below for image), entered service in July 2005. The airline is rumoured to be the launch customer of the Boeing 777 Freighter, the cargo version of the Boeing 777-200LR.
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Hatsu Marine Ltd
2007
As of May 1st, Hatsu Marine Ltd has been renamed Evergreen Marine (UK) Ltd to correspond with the group name change to 'Evergreen Line'. Hatsu Marine is Evergreen's UK-flagged ocean carrier.
2004
Through slot-share agreements, Hatsu offers a broad range of services across Europe, Asia and North America. In addition they are developing new markets in North Europe, particularly in the new member countries of the EU and Russia. It is also investigating new regional / feeder services and new alliances with other North European deepsea carriers in order to strengthen Hatsu's ability to provide an improved range of services.
The first Hatsu-owned vessels, five 6,332TEU E-type containerships, were placed in the transpacific trades between the Far East and North America and two further ships of 1,618TEU are running the Red Sea-Far East service. All were newly built for Hatsu.
Two 7,024TEU vessels, Hatsu Shine and Hatsu Sigma, will be brought into the Hatsu fleet, joining the China-Europe-Mediterranean Service (CEM) before the end of 2005. Further vessels will be added in the second half of the decade enabling Hatsu to expand its capabilities still further. Currently Hatsu has a total of 13 container vessels.
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Italia Marittima (Lloyd Triestino di Navigazione SpA)
2006
January - Lloyd Triestino di Navigazione SpA, with a 170-year tradition of being Italy's premier world trade ocean carrier, became Italia Marittima SpA, effective March 1, 2006.
LT and the Evergreen Group surveyed the market and determined that the "Italia Marittima" name would tie the company to its true Italian roots. The company will maintain world headquarters in Trieste.
The ocean carrier, now a member of the Evergreen Group, will maintain its agents, staff, services and fleet worldwide.
LT joined the Evergreen Group in 1998, when the Italian Government decided to privatise many state-owned companies. Evergreen acquired Lloyd Triestino SpA seizing the opportunity to expand and grow this established brand. New ships have been built, trade routes have expanded and the move has been beneficial to all entities involved.
LT was incorporated on August 2, 1836, when Trieste and the port were part of the Austrian-Hungarian Empire and the original name of the company was "Oesterreicher Lloyd". In 1919, shortly after World War I, the name changed to Lloyd Triestino. The company continued as before, operating passenger and cargo vessels, being a leader on its traditional routes to the Indian Sub Continent, Africa and the Far East.
In the 1970s, with containerisation dominating cargo transportation and passenger liners were replaced by airlines, Lloyd Triestino, with its new vessels, became a pioneer in the containerised shipping business. Today, with a modern fleet comprising 9 container vessels including some of the largest containerships, Lloyd Triestino has considerably expanded its service network and connects almost every major port around the world.
Information Systems
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Shipping Link
Name: Shipping Link Vendor: Evergreen Marine Corp. Description: On Evergreen's website, customers will find many e-commerce services available through Shipping Link. Capabilities: - Enables customers to print Bills of Lading directly from the website.
- Provides customers with the ability to create and modify shipping instructions online.
- e-Booking allows the customer to implement the booking process online
- Import Door Delivery enables customers to assign delivery addresses online before the shipment arrives at its destination
- Sailing Schedules provide up-to-date information in a searchable interactive way, as well as being sent by email to their clients.
- Cargo Tracking provides customers with the precise status of their cargo and expected arrival information as well as U.S. Customs clearence
- Electronic Data Interchange (EDI) exchanging data with customers by using various standard formats.
- Summary Report - Provides 8 kinds of standard reports to manage shipments.
- Event Notification function - e-mails the customer when a range of shipment activities occur
Regions
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Africa Other Related Countries
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Asia Pacific Related Countries Other Related Countries
Asia Pacific: News 2003-20072007
Container shipping line Evergreen has announced it is to provide a link between the Far East and Southern Germany via the Adriatic port of Trieste. It believed this will give shippers a competitive alternative to the busy and expensive Northern European ports. Combining its ADR Far East-Adriatic service with a dedicated block train connection from Trieste to Munich, Evergreen Line will offer shippers a direct-to-door service across Southern Germany. Outbound from Germany the train connection with Trieste will allow shippers to reach key markets in the East Mediterranean and Far East.
Evergreen Line's ADR service deploys seven 3,150TEU vessels on a 49-day rotation. It provides a regular connection between China (Shanghai, Ningbo, Hong Kong, Yantian) and the Adriatic. The Trieste-Munich block train service will initially run twice a week in both directions, gradually increasing to five times a week by the end of the year.
2003February - Evergreen in association with Wan Hai Lines announced the launch of a new joint service covering Taiwan, the Philippines and Vietnam to cater to growing intra-Asian container cargo trade. The new Taiwan/Philippines/Vietnam (TMV) service will be a 14-day round trip calling at Keelung - Taichung - Manila South Port - Manila North Port - Ho Chi Minh - Kaohsiung - Keelung. The decision to launch this latest intra-Asia service is in response to the robust economy in Vietnam. The agreement has been subsequently extended to also sharing slots on services linking Japan, China and SE Asia.
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Australia
Australia: 2007 News2007
November - Evergreen reinstated its service linking South East Asia and Australia.
Through a slot charter agreement with Maersk Line on the AU3 route, the Taiwan-based carrier offers a weekly express service. The port rotation will be: Tanjung Pelepas - Singapore - Fremantle - Sydney - Melbourne - Adelaide - Fremantle - Tanjung Pelepas.
The AU3 service employs four 4,100-TEU vessels to maintain a 28-day roundtrip schedule.
The first sailings were:
Southbound: Maersk Decatur (voyage 0723) from Tanjung Pelapas, ETS November 30.
Northbound: Maersk Drammen (voyage 0726) from Sydney, ETS December 6.
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China
China: 2003 News2003
Evergreen added the port of Yantian in China to its eastbound WAE pendulum schedule in August 2003, including a westbound call, thus doubling its sailing frequency between this Pearl River Delta port and Europe. The move comes in the wake of cargo volumes from Guangdong and neighbouring provinces increasing significantly during 2003. In 2002, Yantian port handled almost 4.2m TEUs, up over 50% on its 2001 figures and maintained 20% growth in traffic during 2003.
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India
India: Summary2004
Evergreen Group decided to establish its own agency network in India with its headquarters in Mumbai. The move is in recognition of the growing potential of the Indian market and its strategic location in the centre of the South Asia region. With effect from 1 April 2004 Evergreen was represented in India by Evergreen India Private Limited (EGI), a company wholly-owned by the Evergreen Group. Three offices, in Mumbai, New Delhi and Nhava Sheva are now operational.
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Japan
Japan: 2006-2007 News2007
September - Ever Salute, the last of ten 7,024TEU S-series vessels being built for Evergreen in Japan, was launched on 8 September at Mitsubishi Heavy Industries' Kobe shipyard.
Due for delivery in January 2008, Ever Salute is scheduled to join one of Evergreen Line's transpacific services. The first eight vessels are now operating on the company's new China Europe Shuttle (CES) that offers a fast link between Asia and North Europe, while the ninth vessel, Ever Safety, is scheduled for delivery next month (October) and will also enter the transpacific trade.
The S-series ships have advanced design features, intended to minimise their impact on the environment during normal operations and in the event of any accident.
The S-series vessels incorporate double-skinned hulls and fuel oil tanks located in protected locations within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
With an overall length of 300m and a beam of 42.8m, the S-series vessels are able to carry containers 17 rows across on deck and 15 rows across below deck. They have a deadweight of 78,700t on a service draft of 14.2m. The carriage of temperature-controlled containers, an increasingly important revenue source, is made possible with the provision of 839 reefer plugs.
June - Ever Safety, the ninth of ten 7,024TEU S-series vessels being built for Evergreen in Japan, was launched at Mitsubishi Heavy Industries' Kobe shipyard.
Due for delivery in October 2007, Ever Safety is scheduled to join Evergreen Line's transpacific service. The eight earlier vessels are currently in the process of being transferred to Evergreen Line's new China Europe Shuttle (CES) service that will offer a fast link between Asia and North Europe.
The Evergreen Group is approaching the end of a shipbuilding programme comprising 18 large post-Panamax containerships. Eight 8073TEU C-series are already in service and the S-series will be completed in the near future.
The S-series ships have won global recognition for their advanced design features, intended to minimise their impact on the environment during normal operations and in the event of any accident.
2006
November - Ever Strong, the seventh in a series of ten 7024TEU S-type vessels being built for Evergreen in Japan, took to the water for the first time at Mitsubishi Heavy Industries' Kobe shipyard.
Due for delivery in March 2007, Ever Strong is scheduled to enter service on the Transpacific Southwest (TPS) service linking Southern China, Hong Kong and Taiwan with the West Coast of North America.
The Evergreen Group is in the midst of taking delivery of 18 large post-Panamax containerships, the first of which was delivered in 2005. Eight 8,063TEU C-types are already in service and the S-type series will complete in 2008.
The Evergreen Group's S-class vessels exceed all national and international regulations regarding environmental protection. In recognition of the ships' green credentials, Ever Superb, the fifth in the series of vessels to enter service, was named Ship of the Year 2006 at the Lloyd's List Maritime Asia Awards earlier this month. The sixth vessel in the series, Ever Steady, will be delivered towards the end of 2006.
The S-type vessels incorporate design features such as double-skinned hulls and fuel oil tanks located in protected locations within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
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Malaysia
Malaysia: 2003 News2003
Evergreen shifted its regional container hub operations from Port of Singapore to Malaysia's Port of Tanjung Pelepas, in an effort to bring down the cost of its transshipment container operations, with the latter offering more competitive port tariffs (by way of lower wharfage charges).
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Taiwan
Taiwan: 2007 News2006
November - Ever Strong, the seventh in a series of ten 7024TEU S-type vessels being built for Evergreen in Japan, took to the water for the first time at Mitsubishi Heavy Industries' Kobe shipyard.
Due for delivery in March 2007, Ever Strong is scheduled to enter service on the Transpacific Southwest (TPS) service linking Southern China, Hong Kong and Taiwan with the West Coast of North America.
The Evergreen Group is in the midst of taking delivery of 18 large post-Panamax containerships, the first of which was delivered in 2005. Eight 8063TEU C-types are already in service and the S-type series will complete in 2008.
The Evergreen Group's S-class vessels exceed all national and international regulations regarding environmental protection. In recognition of the ships' green credentials, Ever Superb, the fifth in the series of vessels to enter service, was named Ship of the Year 2006 at the Lloyd's List Maritime Asia Awards earlier this month. The sixth vessel in the series, Ever Steady, will be delivered towards the end of 2006.
The S-type vessels incorporate design features such as double-skinned hulls and fuel oil tanks located in protected locations within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
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Australia
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Central & Eastern Europe Other Related Countries
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Central America & The Caribbean Other Related Countries
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CIS (Commonwealth of Independent States) Other Related Countries
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Global
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Middle East Other Related Countries
Middle East: 2005 News2005
October - In order to cope with the rising demand for space in Red Sea market, COSCON had teamed up with Evergreen and Hapag-Lloyd to launch a new service. Under the agreement, the three parties merged the existing two Red Sea services, the Far East - Red Sea (FRS) service and the Strait - Red Sea Express (SRX) service, into a single new FRS service linking China and South East Asia with the Red Sea.
The new FRS service was expected to commence at the beginning of November 2005, total six vessels of 2,700TEU capacity will be deployed by partners running a weekly service with a turnaround 42 days.
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North America Related Countries Other Related Countries
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United States
United States: 2006 News2006
February - Following congestion on the US West Coast towards the end of 2004, the pressure had been on carriers to launch additional services via the Panama Canal . The Evergreen Group had responded to this challenge by introducing new services of its own and complementing these with slot charter arrangements with other carriers.
Together with Cosco Container Lines (Coscon), Evergreen Marine Corporation (EMC) launched a new service linking China with the southern states of the United States . Designated the CUE service, it links the ports of Shanghai , Yantian and Hong Kong with Evergreen's Panamanian hub terminal, Colon Container Terminal (CCT), Savannah and Miami . Over CCT, Evergreen offers established feeder links to to ports in Central America, the Caribbean and the north and west coasts of South America .
Using nine ships, each of around 2,700TEU, five from Evergreen and four from Coscon, the CUE service operates a regular weekly schedule effective from May and the first sailings commenced on an ad hoc basis in mid March, augmenting Evergreen's existing Asia - US East Coast services.
Evergreen Group companies Lloyd Triestino (to be renamed Italia Marittima with effect from 1 March 2006) will also have slot allocations on the CUE service.
The Evergreen Group already offered four direct services between Asia and the US East Coast, namely EMC's NUE pendulum service that linked Asia with North Europe via the Panama Canal and the US East Coast; two end-to-end schedules, EMC's AUE and LT's AUX services; and a slot share agreement with the New World Alliance, the NYX service.
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United States
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South America (Latin America) Other Related Countries
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Western Europe Related Countries Other Related Countries
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Germany
Germany: 2007 News2007
Container shipping line Evergreen has announced it is to provide a link between the Far East and Southern Germany via the Adriatic port of Trieste. It believed this will give shippers a competitive alternative to the busy and expensive Northern European ports. Combining its ADR Far East-Adriatic service with a dedicated block train connection from Trieste to Munich, Evergreen Line will offer shippers a direct-to-door service across Southern Germany. Outbound from Germany the train connection with Trieste will allow shippers to reach key markets in the East Mediterranean and Far East.
Evergreen Line's ADR service deploys seven 3,150TEU vessels on a 49-day rotation. It provides a regular connection between China (Shanghai, Ningbo, Hong Kong, Yantian) and the Adriatic. The Trieste-Munich block train service will initially run twice a week in both directions, gradually increasing to five times a week by the end of the year.
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Italy
Italy: 2007 News2007
May - Evergreen announced it is to provide a link between the Far East and Southern Germany via the Adriatic port of Trieste. It believes this will give shippers a competitive alternative to the busy and expensive Northern European ports. Combining its ADR Far East-Adriatic service with a dedicated block train connection from Trieste to Munich, Evergreen Line will offer shippers a direct-to-door service across Southern Germany. Outbound from Germany the train connection with Trieste will allow shippers to reach key markets in the East Mediterranean and Far East.
Evergreen Line's ADR service deploys seven 3,150TEU vessels on a 49-day rotation. It provides a regular connection between China (Shanghai, Ningbo, Hong Kong, Yantian) and the Adriatic. The Trieste-Munich block train service will initially run twice a week in both directions, gradually increasing to five times a week by the end of the year.
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Spain
Spain: 2007 News2007
January - Taiwan's Evergreen Group established a new agency company headquartered in Valencia to serve the growing needs of Spanish shippers and manufacturers. Evergreen Shipping Spain SL (EES) commenced operations on 1 January 2007 and will represent the interests of Evergreen Marine Corp, Hatsu Marine Ltd and Italia Marittima SpA in both Valencia and, through a second office, Barcelona.
The rest of Spain, including Madrid, Alicante and Bilbao, will continue to be represented by Green Iberica, while Portugal, Algeria and Tunisia will also be represented by existing Evergreen agents.
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United Kingdom
United Kingdom: Summary2007
Evergreen Marine Corporation (U.K.) Ltd. was set up in London on November 2, 1979.
In 1992 the company was renamed Evergreen U.K. Ltd. It acts as the European head office and is responsible for Evergreen's entire European operations and business development.
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Germany
Industries
Logistics markets
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Green Logistics
Green Logistics: Summary2007
Built by Mitsubishi Heavy Industries, the Evergreen Group's S-class vessels exceed all national and international regulations regarding environmental protection by incorporating design features such as double-skinned hull and all fuel oil tanks have been located in protected locations, within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
A high capacity oily water separator enables the oil content of waste water to be reduced to just 15ppm while much larger separated bilge oil and bilge holding tanks provide more storage capacity, enabling the vessels to avoid any discharge when sailing in sensitive areas and to maximise the amount of waste that can be held for ultimate disposal in specialised shore facilities.
Similar arrangements have been made for handling sewage, grey water and cargo hold bilges when the vessels are in port or close to shore, while the ships also incorporate 'cold-ironing' - the ability to shut down all shipboard generators and switch to shore-based electricity supplies while in port.
Technical Features of the S-Type Green Ships
Source: Evergreen
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Sea Freight
Sea Freight: 2007 News2007
September - Ever Salute, the last of ten 7,024TEU S-series vessels being built for Evergreen in Japan, was launched on 8 September at Mitsubishi Heavy Industries' Kobe shipyard.
Due for delivery in January 2008, Ever Salute is scheduled to join one of Evergreen Line's transpacific services. The first eight vessels are now operating on the company's new China Europe Shuttle (CES) that offers a fast link between Asia and North Europe, while the ninth vessel, Ever Safety, is scheduled for delivery next month (October) and will also enter the transpacific trade.
The S-series ships have advanced design features, intended to minimise their impact on the environment during normal operations and in the event of any accident.
The S-series vessels incorporate double-skinned hulls and fuel oil tanks located in protected locations within the transverse bulkhead spaces, thus minimising the risk of oil pollution.
With an overall length of 300m and a beam of 42.8m, the S-series vessels are able to carry containers 17 rows across on deck and 15 rows across below deck. They have a deadweight of 78,700t on a service draft of 14.2m. The carriage of temperature-controlled containers, an increasingly important revenue source, is made possible with the provision of 839 reefer plugs.
News
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03/06/2009 Evergreen and China Shipping announce co–operation
03/06/2009
Evergreen Line and China Shipping Container Lines have announced that they have agreed a co–operative agreement on their Asia–Europe, Asia–Mexico–US East Coast and Asia–US West Coast services commencing June 2009. The agreement was signed by First Vice Group Chairman of the Evergreen Group, Mr S S Lin and Chairman of China Shipping Container Lines, Mr S D Lee on 27 May in Shanghai, China.
The joint services are:
- China North Europe service with a total of eight 8,000 TEU vessels.
- Asia Mexico US East Coast service with a total of eight 4,000 TEU vessels.
The two lines will share slots on the Asia–US Pacific South West Coast route.
Commenting on this latest development, Evergreen and China Shipping stated:
"With the benefits of slot–sharing arrangements and joint services, we expect both Evergreen and China Shipping to see significantly upgraded service coverage and more efficiently utilised capacity on the crucial Asia–Europe and Asia–America trades as a result, so providing a better service to our customers."
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26/01/2009 Container shipping lines cut north east Asia–Australia capacity
26/01/2009
Latest evidence of the continuing cutbacks in container shipping service capacity around the world comes from the Asia Pacific region.
AAS consortium partners APL, Hamburg Sud, Hapag–Lloyd, Hyundai Merchant Marine and Evergreen Marine announced on Friday (January 23) that "due to deteriorating market conditions", they had decided to reduce their capacity in the trade between north east Asia, including China, and Australia with immediate effect. They said total nominal AAS capacity would be reduced by 3,200 TEUs per week in the period February 1 through to June 2009.
"This will be achieved by idling the AAS southern loop during this period. The AAS northern loop will be adjusted in scope to cover the Taiwan, south China and Hong Kong markets."
The lines said the revised service structure, which would be operated with six modern vessels of 3,600 TEUs nominal capacity, would have the following rotation: Busan–Qingdao–Shanghai–Ningbo–Kaohsiung–Yantian–Hong Kong–Melbourne–Sydney–Brisbane–Kaohsiung–Busan. The Japanese market would continue to be served through separate individual arrangements.
"The AAS consortium partners will review the trade prospects in June 2009. Should the trade situation improve sufficiently to warrant additional capacity, the AAS southern loop will be re–established," they added.
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22/12/2008 HPH to take stake in Italy´s Taranto Container Terminal
22/12/2008
Hutchison Port Holdings (HPH) and Evergreen Group announced on Friday (December 19) that they had signed an agreement whereby, upon completion, HPH would become a shareholder of Taranto Container Terminal S.P.A. in Italy.
In a statement, Hong Kong–based global port terminal operator HPH explained that the agreement constituted a share swap of Taiwan–based Evergreen's interest in Taranto Container Terminal for a minority stake interest in two of HPH's European operations, London Thamesport (LTP) in the UK and ECT Delta in Rotterdam, the Netherlands.
Commenting on the agreement, John Meredith, Group Managing Director of HPH, said the new investment would enable HPH to establish its first transhipment presence in the central Mediterranean and further enhance its global relationship with Evergreen.
Raymond Lin, Vice Group Chairman of Evergreen Group, commented: "This is a win–win cooperation for our two companies. We are able to access HPH's wealth of knowledge in common user terminal management and at the same time gain an interest in two very important deep sea container terminals in northern Europe."
The port of Taranto, which is said to be one of Italy's top five container ports, is located approximately 170 nautical miles from the main Suez–Gibraltar shipping route. Taranto Container Terminal has a total quay length of 2,050m with a land area of 100 hectares and a depth alongside of 15.5m. The terminal commenced operations in 2001 under a 60–year concession.
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04/02/2008 Maersk and Evergreen agree to co-operate in Asia-Europe trade
04/02/2008
Maersk Line announced today (February 4) that it has agreed to co-operate with Evergreen Marine Corporation in the Asia-Europe trade. The new arrangement between the two global container shipping lines, which is due to take operational effect from March (westbound) and April (eastbound), covers Denmark-based Maersk's AE2 service and Taiwanese line Evergreen's CEM operation.
Those services have the following rotations:
- AE2: Busan (South Korea), Kwanyang (South Korea), Dalian (China), Xingang (China), Qingdao (China), Shanghai (China), Bremerhaven (Germany), Rotterdam (Netherlands), Felixstowe (UK), Tangier (Morocco) and Salalah (Oman).
- CEM: Kaohsiung (Taiwan), Ningbo (China), Shanghai (China), Yantian (China), Hong Kong (China), Tanjung Pelepas (Malaysia), Le Havre (France), Hamburg (Germany), Rotterdam (Netherlands), Thamesport (UK), Port Said (Egypt) and Tanjung Pelepas (Malaysia).
Maersk said the new co-operation would start westbound with the sailings of the Ital Contessa (voyage 0453-014W) on March 6 from Kaoshiung and the Grete Maersk (voyage 0806) on March 9 from Busan. Eastbound services would start with the sailings of the Ital Contessa (voyage 0453-014E) on April 2 from Le Havre and the Grete Maersk (voyage 0807) on April 9 from Bremerhaven (Germany).
In a separate development, Maersk has also announced the introduction of a new intra-Asia service, the IA-3. That service, which will be operated with two 4,000-TEU vessels, will connect the ports of Kaohsiung, Xiamen and Hong Kong with Maersk's south-east Asian hub port of Tanjung Pelepas (Malaysia) and Singapore. The first sailing is scheduled to depart Hong Kong on March 4.
Briefs
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18/05/2009 Fall in Chinese exports a key factor in container shipping line losses
18/05/2009
Last week saw the Chinese government release figures showing a major decline in the country's exports. Total exports in April were down 22.6% on the comparable month in 2008. That performance followed an annualised fall of 17.1% in March. Imports also fell by 23% in April on an annualised basis.
Coinciding with that news from China, major global container shipping lines Maersk, Hapag–Lloyd, Neptune Orient Lines and Evergreen Marine all announced huge losses for the first quarter of this year. Such is the savage state of the container shipping market, that Maersk's owner, Danish conglomerate A.P. Moller–Maersk, may be driven into loss for the entire year. Maersk's container business suffered a first quarter a loss in terms of EBIT (earnings before interest and tax) of US$424m, with revenue down almost 40%. Volumes fell 14%.
All the container shipping company losses were driven by the collapse in demand and a surfeit of capacity in the market. Eivind Kolding, CEO of Maersk, tacitly admitted to analysts and journalists that the line had yet again cut its container rates on eastbound transpacific routes by more than 10%. Other routes were only slightly less bad, as container lines desperately tried to secure any cargo to fill their ships.
Although the issue of too many ships is important, global shipping fleet capacity has in fact been cut by around 10%. The real problem is the volume falls in the China trade. A fall of 25% in exports from China, as was seen in April, calls into question the viability of the present structure of the container shipping sector.
The terrifying thing for shipping companies is that the drop in volumes may get worse if China's competitiveness as an exporter declines. Economies such as those of the US and the UK are rebalancing their trade, whilst the economy of South Korea, for example, is showing signs of stabilising its exports.
That represents a major change in the trading pattern of the world and therefore of the container shipping sector. The problem is the container shipping sector is orientated to making money from the China trade. That is where the shortages of capacity were in the recent past, not on export lanes from Europe, North America or indeed from other areas of east Asia.
Like the Chinese government, shipping companies must be hoping for a return to the export performance of the past 10 years. But is that really realistic? If it is not, how will the container shipping sector change?
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14/01/2009 Resistance to TSA's capacity control bid increases
14/01/2009
Resistance is increasing among shippers and freight forwarders in the US to moves by the Transpacific Stabilization Agreement (TSA) to secure the authority to manage container vessel capacity on behalf of its 14 ocean carrier members in the eastbound trade from Asia to the US west coast.
The TSA is a US–based research and discussion association whose members between them ship over 80% of the total container volumes in the eastbound transpacific trade (a list of the TSA's members is provided below).
Such 'discussion agreement' associations have no antitrust immunity with respect to liner shipping services in the trade lanes which they represent. Unlike conferences, discussion agreements currently do not have the power to set freight rates and other key elements of shipping services on behalf of their members in a particular trade lane. Conferences became illegal in the EU from mid–October 2008 and have not operated in the transpacific trade since 1999.
The TSA requested, via an entry in the US Federal Register on December 29, 2008, that the Federal Maritime Commission (FMC), the shipping regulatory body in the US, provide it with the authority to manage capacity, a development which could have a major impact on freight rate movements. Furthermore, the TSA requested that authority be given to it 14 days from the Federal Register entry date, rather than the customary 45 days.
Clearly, that allows substantially less time for consideration and comments from the shipping industry but vociferous objections have already been forthcoming within the last week or so. As reported yesterday 'US forwarders oppose TSA antitrust immunity request' (Ti Logistics Briefing, News, January 13), the National Customs Brokers & Forwarders Association of America (NCBFAA) has submitted comments to the FMC opposing the TSA's requested antitrust immunity.
In the last few days, the NCBFAA has been joined in its objections to the TSA's request by another major organisation, the National Industrial Transportation League (NITL), which represents several hundred US–based shippers and forwarders. The NITL has formally asked the FMC to deny the TSA's request, arguing that with the TSA's members controlling a high percentage of eastbound transpacific tonnage, the TSA's proposal has the potential to distort the market for ocean shipping services in that trade lane, which could be harmful to shippers.
Peter Gatti, NITL's Executive Vice President, explained to Transport Intelligence: "We realise that shipment volumes are down and carriers need to reduce costs by reducing vessel capacity. But we believe that such decisions should be made by individual shipping lines, not by the TSA.
"Furthermore, the current economic downturn affects many industries which, unlike the shipping industry, do no benefit from antitrust immunity. We believe that such collective discussions between competitors concerning the supply of services is not an appropriate way to address the downturn and loss of revenue by ocean carriers."
The TSA's 14 members are: APL, China Shipping, Cosco, CMA CGM, Hanjin, Evergreen Marine, Hyundai Merchant Marine, Hapag–Lloyd, NYK, K Line, Yang Ming, MSC, OOCL and Zim Integrated Shipping Services.